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01 May
Posted by Sensei @ 2:49 am on Tuesday, May 1st, 2007 in Gold Stocks, Mining Stocks, Stock Lists, Uranium Stocks
BUF - Interesting play. Do your own DD on this one.
LWSN - Still coming up as a buy.
AOB - Check out the date and chart of when I owned this sucker. Sad. Its looking like a buy now.
SIGM - High volume event for two days in a row. Might have bottomed.
RADS
LMT - Looks interesting.
FCX - This stock is turning upwards. It looks like a buy as it sells off.
BWLRF - I still want to get in this little mining play. Based on fundamentals this is the cheapest mining stock I can find. I don’t know why its so cheap, but it is. I’ve owned this in the past at the wrong times.
RNO - Its already made a nice run, but guess what? It has a PE of 9. CCJ’s PE is near 20.
CCJ - The Uranium trade is back on. Uranium “Yellowcake” futures start trading on the Nymex on May 7th. I want to own uranium stocks before the futures start trading. The ones I’ve mentioned and traded before: CCJ, URRE, URME, URZ, USEG.
Here are the details and an explanation of the Nymex U308 contract.
What is Uranium U3O8?
¦ U3O8, also called yellowcake, is concentrated uranium oxide produced from uranium ore and is the most actively traded uranium-related commodity. Its primary use is as fuel for nuclear reactors.
2. Why are Uranium U3O8 futures important?
¦ The world is going through what is widely considered to be a ‘nuclear renaissance’ as a result of strongly increasing interest in nuclear energy.
¦ There is currently no exchange-listed, transparently priced instrument with which consumers and suppliers of uranium can manage their price risk, and through which the marketplace can gain direct exposure to the price of uranium.
¦ The uranium market will benefit from the additional price transparency that a futures market can provide, especially in terms of forward prices.
6. When will this contract be available for trading and clearing on NYMEX?
¦ NYMEX UxC Uranium U3O8 futures will be launched at 6:00 p.m., Sunday, May 6, 2007 for the trade date of May 7.
7. Is the NYMEX UxC Uranium U3O8 Futures Contract subject to the same regulations as other futures contracts?
¦ Yes. As with all futures contracts on NYMEX, it will be governed by NYMEX rules and subject to Commodity Futures Trading Commission regulations.
8. What is the contract symbol?
¦ UX
9. What is the contract size?
¦ 250 pounds of uranium U3O8
10. What is the minimum price fluctuation (tick size)?
¦ $0.05
11. Is this a financially settled or physically deliverable contract?
¦ This is a financially settled contract. Each month will settle on the corresponding spot month-end U3O8 (Ux U3O8) price published by The Ux Consulting Company, LLC (UxC) in The Ux Weekly.
12. What are the trading hours?
¦ Trading hours are 6:00 PM through 5:15 PM, New York time, Sunday thru Friday, with a 45 minute break each day between 5:15 PM and 6:00 PM.
13. What contract months will be listed?
¦ 36 consecutive months will be listed initially. The first listed month will be June 2007.
Source
Lets not forget about the Driller Stocks.
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