RE: Trigger Event
" The ALP giving a green light to new uranium mines in Australia, which is sitting on the world’s biggest inventory of undeveloped uranium reserves."
Not of any reasonable significant importance to canadian uranium near termers, fundamentally speaking.
" * Confirmation from Australia’s two biggest uranium producers, BHP Billiton and Rio Tinto, that they are poised to boost output when/if the ALP alters its anti-uranium stance, easily beating small players in the game to the punch. "
May have some importance to canadian uranium near termers, fundamentally speaking, if the uranium price is effeted negatively due to possible undiscounted for higher future world uranium supply.
"* News that Canada’s big Cigar Lake mine, which was closed after a flood, will not be lost permanently but will be back in production in two years."
No news, known for weeks.
" A realisation that although it will takes years to develop new uranium mines, it will take longer to build new nuclear power stations."
Realised since a long time ago, and the demand is already considered slowly growing, but still a steady growth for many many years.
"* Claims that 20% of the world’s supply of surplus uranium is now held by hedge funds with their buying the major force in the 16-fold rise in the spot-market uranium price."
That is a risk short term for the uranium price, but already known. The could become more aggressive also...
"* Comments from the nuclear power industry executives that they are aware of the games being played by hedge funds which must, eventually, sell their stockpile to the power generators."
It could be interpreted as the nuclear power industry executives are desperate to "talk the price down", in an extremely narrow supply-demand situation like the actual one and for the coming years ! Fact is that many end-users is seeking uranium now, and the price of uranium needed still is a rather small cost, as a percentage of total Production costs of nuclear plants, compared to the corresponding percentages from energy generated from oil, gas and coal - and also compared per unit of energy generated . Short and long term it would be uneconomical and risky to stop using uranium at todays uranium spot price, or at even much higher price levels.
"* The curiously disturbing “conversion” trend as late arrivals at the uranium party switch out of other commodities (such as gold) and into uranium.. New Zealand-based Heritage Gold, and NSW-based Nimrodel Resources have added uranium to their original exploration targets of gold and copp"
But that should not effect the uranium price itself for many many years, due to the long time from a new exploration discovery to a producing uranium mine. And THAT there will be a satisfactory supply from producers is already discounted in todays uranium stock market in as far as the pricing of near termers is concerned. But the "most pasture" companies is another story
