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@ylr $CCO On the hourly chart, Very nice break of the green trend line, Let's see if we can take down the red resistance or the upper orange trend line #ylr #uranium http://cdn.ceo.ca/1ca77os-CCO.png+
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@Lukester599 On Valentine's day nothing says "I love you" like buying her 10k shares of $UUUU.
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@Slmjr Hahaha that's actually a pretty nice gift.
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@Excelsior @Lukester599 - Yes 10K shares of $UUUU will have her "super-charged, warm, steamy, and glowing."
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@ylr $NXE Drew that red line last night after my day of skiing. Now that candle looks pretty bad. http://cdn.ceo.ca/1ca7q6s-NXE.png+ #ylr #uranium
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@Slmjr Haha. I wonder how high $UUUU will run up in a bull market. Looks like it was 100x in 2006 unless I am looking at it wrong.
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@Excelsior @Slmjr - There was a a 50:1 split a few years back in $UUUU on Nov 5, 2013. However, it also did run up many multiple fold in the last cycle, so things are just beginning their ascent. In the longer term this initial rally from the end of last year until present in the #Uranium miners is just a blip compared to where things will be headed when spot price is back up in the $50-$60 + area. There may be a few speedbumps and detours, but overall it should be a worthwhile journey.
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@nicholaslepan #Oil US$55.7/bbl vs US$55.8/bbl yesterday Natural Gas US$2.946/mmbtu vs US$2.920/mmbtu yesterday #Uranium US$25.90/lb vs US$26.75/lb yesterday
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@ylr $CCO Was overbought on the hourly, STO SELL, MACD rollover. http://cdn.ceo.ca/1ca8s6g-Advanced_Chart_CCO_CA.png+ #ylr #uranium
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@ylr $CCO I hope for some folks this trend line holds. This morning things cracked pretty fast. http://cdn.ceo.ca/1ca8v3v-Advanced_Chart_CCO_CA.png+ #ylr #uranium
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@MiningBookGuy @bullmarketmove - forgot to comment on your recent posts. can't wait for the #RickRule interview! the last 2 were fantastic :) also, great call/exposure you provided to $GXU. will be interesting to see Rick's comments on this one...I missed buying it so far. but very interested to see if they get the timing just right to turn this into a #uranium mine when the 'uranium bull' is (likely) full strength in a few years!
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@Wannabeinvestor Pretty decent reversal taking place in #uranium stocks today. Is spot down as well?
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@Goldfinger I published this article a few weeks ago (https://ceo.ca/@Goldfinger/the-uranium-rally-may-have-just-made-an-intermediate-term-top) before we saw a 10%+ correction in the $uranium sector and my baseline scenario since then is that $URA would settle into a volatile range for at least a couple months. The marginal new high made the last couple of days doesn't change that and today's large bearish engulfing candlestick signals it's time to head back down to the $16-$17 area, bulls want to see a higher low (above $16.15): http://cdn.ceo.ca/1ca9ftq-URA_2.15.2017.png+ $CCJ $CCO $GXU $NXE
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@nicholaslepan UxC Broker Average Price: $25.18/lb U3O8, down $0.50/lb, or ↓1.9% #uranium
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@Leon Nuclear energy is not a civilian economic activity. It's an appendage of the nuclear weapons industry which is controlled by the so-called defense contractors. The powerful corporate interests behind #nuclear energy and nuclear weapons overlap. That's why no concerns has been expressed at the political level as to the likely consequences of a US-NATO-Israel attack on Iran, using "safe for civilians" tactical nucelar weapons against a non-nuclear state. A nuclear nightmare! ~ Professor Michel Chossudovsky #uranium #politics www.globalresearch.ca/fukushima-a-nuclear-war-without-a-war-the-unspoken-crisis-of-worldwide-nuclear-radiation/28870
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@bullmarketmove Hi everyone, my interview with #RickRule is now live on my blog and as an article here on CEO.ca. The link is below and here is the intro: I was extremely lucky to interview Rick Rule while he was in London this week. We talked about the recent move in the Uranium juniors, what to do when a trade goes against you, and the fourfold gain that Goviex Uranium has currently experienced. Enjoy!  #uranium @MiningBookGuy @Jayfire @Tommy $GXU @Alan @bullmarketmove/the-next-bull-market-move-interview-from-london-rick-rule-president-and-ceo-of-sprott-us-holdings-inc #TheNextBullMarketMove http://thenextbullmarketmove.tumblr.com/post/157306963720/the-next-bull-market-move-interview-rick-rule
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@Rulingmining Greenland Minerals $GGG.AX $GDLNF #uranium #zinc $NXE has a stated 202 mil pounds of uranium. I think most people in Nexgen believe there will be 400-500 mil pounds in the upcoming RE. $NXE has a $1.2 bil MC. Greenland Minerals has 593 million pounds of uranium. Their uranium however is only a by product of the #RareEarth resource of over 11 million tonnes. And there are 2.25 million tonnes of Zinc. The resources are near a town and power. There is a year round port. And an airport 35km away. Recently the URA ETF increased it's holding to 8% of $GGG.AX
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@Rulingmining http://www.proactiveinvestors.com.au/search/index/company_id:/keyword:Greenland%20minerals/area:/channel:/sector:/market:/author: $GGG.AX $GDLNF #uranium #zinc So with 593 mil pounds of uranium, Greenland Minerals has a MC of $175 Mil $NXE with an estimated 400-500 mil pounds has a current MC of $1.2 Bil (which will likely increase when it's pounds are confirmed in the next RE). And Greenland Minerals has 2.25 million tonnes of #Zinc and over 11 million tonnes of #RareEarth One would think that Greenland Minerals value could in comparison be worth several billion as opposed to the current MC of $175 Mil.
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@Rulingmining $GGG.AX $GDLNF #uranium #zinc $NXE I forgot to mention that Greenland Minerals estimates that the operating cost of the uranium is in the $6-7/lb range as it only a byproduct for the project.
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@Rulingmining @SASKEXPRESS $GGG.AX $GDLNF #uranium #zinc $NXE Projected financing costs are $832 Mil, 5 year payback, 43.4% IRR, Project Value of $1.59 billion. This is for the Kvanefjeld project. I believe open pit. The Kvanefjeld resource mostly outcrops and sits within 250 m of ground surface, with a low waste/ore ratio. They have a 43-101 on this project. They also have 3 other potential projects,
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@Lukester599 @Rulingmining - I've been wanting to pick up some $GDNLF $GGG.AX for a month or two but extremely wary of chasing it. For someone wanting to establish an initial small position and not to fussy about nickels and dimes (eye on the 3 year outlook), what do you think is a realistic entry price? Surely it makes sense to wait for a pullback? Although as you point out it's valuation is still peanuts.
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@Rulingmining @Lukester599 $GGG.AX $GDLNF $NXE #uranium #zinc I have no idea about an entry point. I am not a technician. I buy long holds. I bought it earlier in 2016 for the hell of it at $0.02 US. As you said, it has run. Here is the most recent research report I could find on it: http://www.ggg.gl/docs/research-reports/Greenland-Minerals-CPS-Initiating-Coverage-April-2016.pdf I'd say it's at about a 10th of it's possible value based on what they presently have.
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@Goldfinger It will be interesting to see how $NXE responds to the C$3.70s on 3rd day down - bulls should defend this level. Broadening pattern with bearish momentum divergences at recent highs. C$3.30-C$3.40 is next zone of robust support: http://cdn.ceo.ca/1cabng1-NXE.TO_002.png+ $uranium
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@nicholaslepan The World Nuclear Association reference scenario projects world uranium demand as about 65,220 tU in 2016. Due to the absence of Japanese consumption in the last couple of years and low prices there has been some stockpile build-up over 2013-16, which will come in as secondary supply in the next few years. Here are some mines expected to come into production soon: Husab in Namibia (280 million tonnes of uranium ore. Mining is expected to last nearly 20 years), Salamanca in Spain 2017, ten year period the project is capable of producing an average of 4.4 million pounds of uranium per year at a cash cost of US$13.30 per pound and a total cash cost of US$15.06 per pound during steady state operations $BKE.L), Temrezli in Turkey, 2018, $URRE, Mkuju River in Tanzania - Uranium One, Mulga Rock - 2019 - Australia - Vimy Resources $VMY.AX . #uranium
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@nicholaslepan FT Consensus Recommendation for $CCO Cameco: As of Feb 14, 2017, the consensus forecast amongst 14 polled investment analysts covering Cameco Corp advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts improved on Oct 09, 2014. The previous consensus forecast advised investors to hold their position in Cameco Corp. 1 analysts has a buy rating, 6 outperform and 7 hold. The 13 analysts offering 12 month price targets for Cameco Corp have a median target of 15.95, with a high estimate of 21.00 and a low estimate of 13.50. The median estimate represents a 2.84% increase from the last price of 15.51. $CCO is currently trading down 12 cents to $15.39 on 1.565 million shares. #uranium
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@schischi Whats the Uranium Price at the moment ? 26 Dollar ?
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@Excelsior @schishi - According to one website it is $25.18
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@Rulingmining @nicholaslepan are you sure you have your target price for $CCO all in the same currency? How can you have a consensus outperform and only see a 2.84% price increase?
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@schischi Thanks @Excelsior
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@Rulingmining @Slmjr Energy and Cspital are among the worst.
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@Slmjr Hahaha fair enough. Still an optimistic article tho.
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@racker John @JKaiser on the #uranium market and Uravan Minerals $UVN https://youtu.be/pCdOjHzeRB0+
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@ylr $NXE reloaded my position here. On the 5m chart it's building the second leg. STO BUY http://cdn.ceo.ca/1caem5g-Advanced_Chart_NXE_CA.png+ #ylr #uranium
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@Leon Enough #uranium is above ground for the next eight years. www.mining.com/uranium-price-rally-comes-screeching-halt/
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news_bot Uranium price rally comes to screeching halt http://www.mining.com/uranium-price-rally-comes-screeching-halt/ #uranium
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@mtlzoom #uranium is hot commodity all over the world. For example, India will soon create additional reactors in order to push clean energy agenda. The energy produced covers only 3% of their needs. In short term they are expending to 20%. Guess where they are getting the uranium from? :)
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@jhm The Murky Future of Nuclear Power in the United States: "the United States could lose considerable influence over standards governing safety and waste management, nuclear experts say. And the world may show less willingness to move toward potentially safer designs. [...] In the meantime, the main stage for nuclear development will move overseas to places like China, Russia, India, Korea and a handful of countries in the Middle East, where Westinghouse will have to find partners to build its designs." https://www.nytimes.com/2017/02/18/business/energy-environment/nuclear-power-westinghouse-toshiba.html
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@barracuda I can now prove that #uranium WILL NOT appreciably rise over the next 3 years. uranium futures show nada.. Compare today's price with the prices in 2020 http://data.tradingcharts.com/futures/quotes/ux.html
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@barracuda @bluesteele perhaps but #uranium IS 3 yrs closer to a bull than it was in 2014
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@Lukester599 Good comment @Barracuda. I believe the same thing. This rally has been dangerous (as well as highly profitable to traders, which I am not), because it was not underpinned by any real substantive strengthening of demand. So due to the supply overhang it will revert to acting like a dead mackerel untill the whole underlying deficit explodes into investor visibility when the tide finally turns. But that tide turn ain't now.
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@Bimbeebop @Lukester599 The spot price reversed it's direction after dropping for as long as it did correct? Up 40% since December. That's substantive enough for me.
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@barracuda @Lukester599 One consideration is that the flat futures price for #uranium means that the uranium shares are probably mis-priced,, i.e. cheap. Why? Because those #uranium prices are obviously wrong. Futures curves are always wrong. If they were right, there would be NO price fluctuations. There is a strong possibility that the market is "off sides" in the #uranium stocks.
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@barracuda #uranium "Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria." - Sir John Templeton
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@CG5er @barracuda great quote!
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@Lukester599 @barracuda - we will see beyond any ambiguity in the next 2-3 months.
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