Kazakhprom has cut production amounting to a 3% fall in global production.
This could lead to rapidly rising prices..
Think about oil 6 months ago and where prices are now.
Also there are very few shares on offer. I can only buy £1000 worth at a time on automatic trades.
I have just realised that on URU's web site there are two reports, one dated 17th March 2016 regarding extension of Estes loan, and another on 29th March 2016 Interim report for the period ending 31st December 2015. Has anyone seen these reports published in the form of RNSs? Or am I the only one to have missed them?
With the amount of existing & planned fresh nuclear generation capacity uranium miners hold a lot of potential. At my last count there were 432 reactors operating globally + 68 being built + 167 on order & over 300 new being proposed. Uranium Oxide prices are now about $36 LB down from over $100 in 2007. Global production seems to be about 140 million LBS & demand about 180 million with stockpiles making up the shortfall. I believe that stockpiles are almost depleted and we only need one or two new plants to commence production to drive prices through the roof. Therefore I feel that fresh sources of ore such as those held by URA should attract quite a lot of attention. My only concern is whether or not URA can last out until this attention arrives.
No more than the rest of us CRMc. Change of broker news would seem to have no positive significance, nor would it seem there is anything in the market that might cause the activity, so we can only presume that whatever IS occurring that's having the influence might be announced shortly. Maybe.
Uranium Resources provide Tanzania operations update
By TOM FREW
PUBLISHED: 23 Sep 2013 @ 10:02 | Comments (0) |
Uranium Resources (LES:URA), an AIM listed uranium exploration and development company, has provided an update on its Tanzanian uranium project development and acquisition strategy.
Mineralogical studies have identified uraninite and coffinite as main uranium minerals and unequivocally validate the Companys uranium roll-front exploration model at the companys Mtonya site, which is also planning a reconnaissance programme on its licenses in the highly prospective Ruhuhu basin in southwestern Tanzania.
In a statement the company said the results from the Mtonya site unequivocally supports the uranium roll-front exploration model for Mtonya. The study has also shown that the host rock contains less than 5% of carbonate minerals, signifying that the Mtonya mineralisation may be amenable to the least expensive methods of ISR.
The companys reconnaissance and target-generation programme plans for its licenses in the Ruhuhu basin, southwestern Tanzania, 150 km northwest of the Mtonya deposit, follow research that suggests favourable lithologies and structural settings for hosting mineralisation.
Data compiled by the company for the Ruhuhu basin indicate persuasive similarities between the architecture and lithological composition of the North Rukuru and Ruhuhu basins and suggest that the Companys methodology may prove successful for discovering uranium mineralisation amenable to ISR in the Ruhuhu basin.
Uranium Resources Managing Director, Alex Gostevskikh, argued that the present state of the nuclear fuel market strongly underscores the need for resources that can be extracted with maximum economic efficiency.
According to the International Atomic Energy Agency, despite the substantial investment into uranium exploration, reasonably assured resources recoverable at costs below US$80 per pound U3O8 have fallen by 20% between 2009 and 2011″.
As the market continues to remain soft, low-cost resources deplete at an even faster pace. These conditions further justify the Companys chosen focus on resources amenable to ISR.
Meanwhile significant value upside is being built-in for the time when the uranium market recovers, especially as we continue to anticipate the ultimate exploration target to be on a par or larger than the Mkuju River Project resource said Mr Gostevskikh.
Encouraging note out from Broker Optiva noting that the next quarter will represent a landmark event for URA and should lead to the Company being taken more seriously by investors and consequently, result in a market re]rating and higher share price. They also say that a JORC statement would put both the Company and its key project on the radar screen of uranium miners who will be keen to keep a close watch on future exploration result data and development plans on what has potential to be a world class uranium resource.
Uranium Resources plc ('Uranium Resources' or 'the Company')
Provides Update for Its Mtonya Exploration Programme
· Ongoing drilling generates both high-grade and wide intercepts in both Tier 1 and Tier 2 roll-fronts suggesting excellent in-situ recovery potential for the Company's 100%-owned Mtonya project
· Three holes have intercepted new mineralised roll-fronts within the Tier 1 reduced beds
· Significant intercepts from the latest 14 holes reported include:
- 397 ppm U3O8 over 1.0 m at 170.4 m (Tier 1 mineralisation)
- 460 ppm eU3O8 over 4.0 m at 170.4 m (Tier 1 mineralisation)
- 329 ppm eU3O8 over 3.8 m at 73.7 m (Tier 1 mineralisation)
· Three drill rigs are currently operating at Mtonya and forth rig is expected to be deployed by end of June
Uranium Resources Managing Director Alex Gostevskikh said, "We are extremely encouraged by these drilling results. We have intersected considerably higher grades and greater thicknesses than we have achieved before and discovered Tier 1 roll-fronts. These Tier 1 roll-fronts are very exciting targets, as they are shallower and therefore easier to drill and they also demonstrate good grades and widths. These results also further confirm our geological model of multiple stacked roll-fronts of uranium mineralisation and we expect these shallower drill targets to generate a new dynamic in our exploration programme going forward."
Uranium Resources plc, the AIM listed uranium exploration company, is pleased to provide an update on its ongoing drilling programme at its 100%-owned Mtonya project in southwest Tanzania.
The Company continues to generate encouraging results from its planned 2012 20,000m drilling exploration programme at Mtonya. To date, eighteen diamond drillholes have been completed to a total of approximately 5,400m. Three drill rigs are operating at the property and the fourth rig is expected to be deployed by mid-July 2012.
Several holes, namely DH 012, DH 087, and DH 013 have intercepted previously unknown roll-fronts in Tier 1, which is interpreted to occur at depths of 150 to 220 m, depending on topography.
The 2012 exploration programme at Mtonya has been designed on the basis of a significantly enhanced redox interface model. The new drill data are continuously assessed and integrated into the model to improve the accuracy of drill targeting. The drilling has targeted both deep mineralisation amenable to in-situ recovery and near-surface mineralisation amenable to conventional mining.
The Company continues using both full sampling and assaying as well as downhole gamma-logging to ensure the reliability and accuracy of drilling data. It is noted that the initial gamma-logging in its current interpretation may significantly underreport uranium grades.
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.