Friday, November 12, 2010

Australian Uranium companies


It has long been my belief that the price of uranium will start its climb upwards again. Hopefully its rise will be steady - rather than explosive and then end up in a burst bubble. This post and following comments will show companies which I have found or reasonably believe to be lookingfor uranium. Again - as in a previous post - THIS INFORMATION IS NOT ADVICE but rather intended as my mind jogger and for my family and close friends.

The big boys - BHP and RIO - are of course known to most people world over, have Uranium mines of significant sizes. Neither interest me as I am looking for the smaller producer/explorer. ERA falls in the same category as it is owned largely by RIO.

My main investment (atm intended as long term with the intention of building my holding is MEY. Marenica holds exploration licenses in Namibia. Its neighbours are the Rossing, Trekkopje and Langer Heinrich mines.


NTU A promising company with connections to AREVA the french uranium company. However when AREVA decided not to take up a recent issue in NTU I lost confidence and sold most my investment. Hence I found indications of HREE which had then become a market darling. My watch is on the above chart to see how the share price performs in the next couple of weeks. The company has options NTUOA and NTUOB. Both give good leverage if the sp rises.