SAN DIEGO -- Uraniums are still rising smartly. Even as spot U308 stays in a tight range, well below the $45 per pound that some see as a game changer for the clean energy industry.
Very little worth chasing here, as Dale Houser of Raymond James in Toronto, part of the TCR family, says this week (and last) are classic oversold commodity bounces. In the equities, anyway.
As stated, the only uranium vehicles truly cheap enough to justify a chase, and we are talking prospectors with sewn-up properties, not just in the Athabasca Basin, but elsewhere -- like the state of Virginia, are: Virginia Energy (
TSX:V.VUI,
Stock Forum); NexGen Energy (
TSX:V.NXE,
Stock Forum), which just began a 6,000-Meter Winter Drilling Program at Rook I Project, Lakeland Resources (
TSX:V.LK,
Stock Forum), which I own and is radioactive this week and last; one or two others. See our TCR report, featured at InvestorIntel, on the subject.
U-news we can use: This from George Bennett, CEO of engineering company MDM (MDM in London) -- George's company services miners.
"We are involved in two uranium projects at the moment, We are busy completing and commissioning AngloGold’s (
NYSE:AU,
Stock Forum) MWS plant here in SA (They brought it from First Uranium – TSX listed for a while) and should produce yellow cake by month end, secondly we are doing the DFS for Phase 1 of Gold 1 and Sibanye Gold’s (
NYSE:SBGL,
Stock Forum) synergy tailings project which is gold and uranium tailings plus we are short listed for another uranium BFS in Spain, hence I am happy to hear that at some stage soon this spot price has to move up."
George is a member of the TCR family and is in South Africa. I own shares of MDM, of Virginia Energy and of Lakeland Resources.
~~
His electrician drives a Porsche. Investor and writer Gianni Kovacevic's new project is designed to show Germans, first and foremost, and then Canadians, Americans and others, how to make money with spare change. Gianni is an eastern European transplant to Canada, and known for arranging investor outreach one-on-ones and luncheons in Switzerland. See:
https://kovacevic.com/?p=115.
He tells me MEDAP will focus first on Germans in the German language. Subscribers to the service get a newsletter and the book, "My Electrician Drives A Porsche." Gianni, by the way, was an early backer of eyeglass maker Coastal Contacts, a Vancouver, Canada, company. The shares (
TSX:T.COA,
Stock Forum) are performing well. Coastal today told investors that total sales for the fiscal year increased 11% to $217.6 million. The company's executives told me at a conference in Los Angeles that they hope to see Coastal turn a profit this new fiscal year.
~~
Finally, BCRX- This from David Banister at
activetradingpartners.com on BioXryst Pharma (
NASDAQ:BCRX,
Stock Forum) and the stock surge some of us are watching: “Simply what I call a crowd behavioral C wave pattern. This should cap out between 11 and 13.50. Investors are wise to pick up some puts to protect long positions here. A move back towards $9 in a market correction won't be a shock.”
Well, Dave, that would shock us here at home. We own 18,000 shares.
The drug developer is now more than an influenza company, as I told the
Stockr.com crowd. Still, the prospect of influenza, largely H1N1, IS WHAT is moving the NASDAQ-traded shares. BCRX is close to a four-year high at $11.65 USA.
Stockr.com -- https://stockr.com/thom.calandra/stream/
Thank you.
Your friendly,
Thom Calandra
@thomcalandra for Twitter