Beiträge von Eldorado

  • Juniors aus Kanada

    Thanks Tschonko,


    Bei der KG kommt nun Freude/Goldrush auf . :]
    Ich bin noch zu beschaeftigt, ich melde mich wieder wenns ruhiger wird.
    So wie es auschaut ab Mai, es läuft alles bestens.
    Ihr seid eh froh wenn ich im Urlaub bleibe. :D
    Erstmal Beerdigung am Mittwoch und dann wieder nach Thailand.


    Herzlichen Gruss an Euch alle, alles Gute und erfolgreiches Handeln.


    Eldo 8)


    linar


    Ein super Bild das Worte spricht, thank you too. ;)

  • When the sun comes shining....Solarwerte

    Tschonko


    Hier in Thailand nicht viel von Solartechnik zu sehen.
    Ich sah mal eine Werbung in einer Zeitung, habe leider die Firma vergessen.
    Anyway, bis jetzt nichts Aufregendes,mit meinen ganzen Haufen von Solaraktien sitze ich z.Zt. bei minus 5%.
    Da fehlen noch einige Sonnenstrahlen, wie bei Euch,... bis man sagen kann der Fruehling ist endlich da.


    Gruss


    XEX

  • Juniors aus Kanada

    Danke fuer Eure Antworten, ich sags immer wieder,


    One life -- live it!


    Sitze gerade in der Lounge und habe noch 2 Stunden Zeit.
    Um 5 Uhr frueh raus aus Hotel Bangkok, Fazit, der fliegende Teppich von Qatar Air hat nun eine Stunde verspaeteten Start von Bangkok nach Doha.


    Naja, irgendwie gehts immer weiter und runter kommen sie alle.


    Ich melde mich wieder von Muenchen, dort bleibe ich bis 30 Maerz.


    Mfg


    Eldo

  • Juniors aus Kanada

    Hallo


    Ich will nur mal kurz hallo sagen von bangkok und hoffe es geht euch gut.
    Leider muss ich in wenigen stunden kurz von bangkok nach muenchen in wenigen stunden und wieder zurueck wegen todesfall meine mutter die mit 83 starb.
    Ich waere froh so alt zu werden und ohne grossen weh-weh sich schnell zu verabschieden.


    We all know, the show and life must go on.


    Herzlichen Gruss


    Eldo


    Gehoert eigentlich in Uranium rein, aber so aehnlich wie bei den PM Juniors gibt es hier auch genug.


    145 Explorer und nur 51 sind seit einen Jahr gelisted.


    Na wen nimmt man dort als Anlage ? :D


    http://www.321energy.com/editorials/casey/casey032306.html

  • Cortez Trend - Nevada

    Ich war gar nichts ! :D


    @ Linar


    Newstechxl ist ein Indianer, der findet die Juniors bevor sie einiges volumen zum traden haben.


    Verlaufe dich nicht im Wald da sind so viele wo man warten und hoffen muss, hast du die Zeit ???


    Ich habe ca. vier Jahre Zeit, dann wird es langweilig zu warten nach 10 Jahren warten.


    BVG.V WKR.V VIT.V KDX.V USGL.OB NPG.V MAD.V XCL.TO z .B. macht auch froh. :D


    Egal was, just get a cake of Nevada but don't buy too much.


    Denke ans Casino in Las Vegas, da gibt es auch viele Spielautomaten.


    Bei vielen verliert man.


    Gruss


    Eldo


    Zitat Tschonko ;) :


    Auf die Schnelle: CMQ, Keegan, X-CAL, Atna, Miranda, Victoria, Bravo,
    Bactech, Great basin Gold, Klondex, Levon, American bonanza, Minterra........reicht mal für das Erste und und......

  • Thai Guru's Gold und Silber ... (Informationen und Vermutungen)

    .... and then we die, they say. :rolleyes:
    The only thing we must.....some the hard way, some financially with the wrong shares. :(


    Sorry I'm pissed, its my fair well party with electricity and DA in the Cape who supplies 220 V to my amazing. :D


    Anyway,


    I could smell the rat in the kitchen and mentioned that there is some clouds ahead.


    Zitat Guru Goldy : ""Ja die aufwärtsbewegung schmiert gerade voll ab das ist technisch völlig normal weil die 557 gefallen ist gabs ein verkaufssignal jetzt rennen die bären auf die weide und reisen die bullen. sie haben mega hunger weil der winter (high emotion) so lang war. ""


    Its not monopoly its a jojo today, get used, just some "wash-out"" of the weak hands, so buy or sell the winners or hold tight.
    Don't run and panic, its a just Bluff from the PPT and the media. IMO.


    .... I bought a lot of Oil and Gas Stocks, it seems they don't need that stuff anymore, its warm in the US and to much snow and cold in Europe.


    The Fiat Dollar is sexy again, lets get more from Ben. :D


    Last week we had winter temperatures with just 17 Degree today its 40 degree in Slaapstadt, the weather and markets just go crazy too.


    ...Shit, I missed to sell about few cents SSRI and PAAS, but I know it will come back soon and will sell with a profit that's what's all about.


    The game now is about over or under 10 $ or 560, that's all. ;)


    There is soon a " Viva Nevada"" and PoG aind Huiiii again, first the counter attack we have to to swollow.


    Hang in and be smart, there is more to come up to a new peak in PoG and the Olympic games and sunny days for the goldbugs..


    Well. don't blame me, blame yourself.
    The biggest blame in life if you blame somebody or something else.


    On Wednesday I'm finally out and hope our money and gold will reverse up again as everbody hopes and expects.


    Check out if it's up or down when I'm out.


    I am happy to go, I need to go, and everybody is hopefully happy that I finally f..off to LOS.


    Salut Goldbugs, I'll catch u later ;)


    Well,...what can I say to the PPT ? :D


    Cheers from Mr ""Edit"" Eldorado 8)

  • Thai Guru's Gold und Silber ... (Informationen und Vermutungen)

    linar


    Weisst du was Ueberflutungen sind, die kommen danach wenn der Schnee schmilzt. :(


    Here Oncle Harry:


    My gunship view of the ragbag


    •• "Reuters" reports: The Gold Bull & Gold Bear armies met head on, with heavy casualties on both sides. When the smoke lifted from the battle field, the Bull Army had gained a few inches. Then they stopped for tea. There was no decisive winner. The bullion battalion gained a bit more ground than the shares brigade. Viewed from my helicopter gunship it looked like a ragbag below. This was confirmed by George the giraffe who surveyed the scene from treetop level. Webster defines ragbag as a misc collection. The gold mkt looked very miscellaneous. I bought a few golds & sold a couple. It was certainly not a 1-way mkt. But one is looming, as critical breakout points are near at hand.


    http://www.321gold.com/editori…z/schultz030606_gcru.html

  • Das neue Südafrika

    Zim wants 51% of all plat mines

    The Zimbabwe minister of mines has proposed that the country's Mines and Minerals Act be amended to provide for the Zimbabwe government to hold 51% of all platinum operations in the country, Zimplats said in a statement on Monday.
    World number two platinum miner Impala Platinum (IMP) has an 86.7% stake in Zimplats.


    Zimbabwe ask the IMF for more money


    Harare is a 'cholera time bomb


    '2006-03-06


    Residents in Harare say they live on a "cholera time bomb" as the Zimbabwean city struggles to clean up garbage and maintain sewers in an outbreak that has already cost 27 lives.
    An unusually wet rainy season compounds the problem, especially in slum areas like Dzivarasekwa, about 10km north of the city, and the sprawling semi-urban area of Epworth, to the east.


    In Dzivarasekwa township, home to an estimated 200 000 people according to a rate-payers' association, raw sewage flows out of open sewers.


    Residents who every day face stinking brooks have sardonically named the township "Victoria Falls" after the waterfall, the country's main tourist attraction, first discovered by explorer David Livingstone.


    Pius Makowa, who lost his shelter in Zimbabwe's infamous Operation Murambatsvina (Drive out Filth), sleeps on the streets every night about 10m from the putrid stream.


    "This place is a cholera time bomb," he told AFP, wrinkling his nose in disgust.


    "We are afraid we'll get cholera but there is nowhere else to go. Living here makes breathing difficult," added Makowa.


    Funsai Takawira, who lives with his two children in the semi-urban area of Epworth to the east, said many residents had problems with upset stomachs.


    "We are not able to distinguish between diarrhoea and cholera. We just know that it can spread very fast," the 38-year-old told AFP at the Epworth Polyclinic where four white tents bearing the World Health Organisation logo were erected inside a restricted and fenced-off area.


    A group of about 90 residents were sitting outside the red-brick clinic where a health worker was giving a lecture on the deadly water-borne disease.


    "How many of you know about cholera," he asked in the local language Shona, with only person indicating that he knew about the disease.


    But despite concerns, the government said the cholera outbreak was under control.


    "We didn't have any new cases," said deputy health minister Edwin Muguti.


    "The outbreak is under control and we will continue to react quickly should there be more cases," Muguti told AFP.


    But some doctors disagreed.


    "We are far from seeing the end of the outbreak," said Douglas Gwatihdzo, chairman of the Zimbabwean Association for Doctors for Human Rights.


    "The city has numerous heaps of garbage which get washed into the water when it rains," he said.


    Harare's cholera scare tells the story of broader problems within the capital, hard hit by fuel shortages, a lack of foreign currency and outdated equipment.


    The city council has been battling to collect heaps of garbage and provide clean drinking water, forcing some residents to dig wells and get water from open streams, exposing them to water-borne diseases.


    The city currently has 14 refuse collection trucks as opposed to the 90 required, the United Nations news agency IRIN reported.


    News24

  • TWILIGHT of the Hippo-Gods? WAR, RANGE

    Valueing Kebble’s wreckage


    By: Barry Sergeant


    Posted: '03-MAR-06 06:29' GMT © Mineweb 1997-2004


    JOHANNESBURG (Mineweb.com) --There are encouraging signs that the late Brett Kebble’s mother ship, JCI Limited, could be worth more, if relisted, than the 16 cents a share it was suspended at on 1 August last year. JCI’s key interest, a 39.5% interest in still-listed Western Areas, has extended significantly in value after a successful Western Areas rights issue in December, and, far more pertinently, investor confidence in a new executive line up, underpinned by dollar gold bullion prices not seen in decades.


    Kebble was forced out as CEO of JCI, Western Areas and Randgold & Exploration on August 31 last year, and was violently slain less than a month later. His departure from the three companies was the non-negotiable part of a R460 million facility that Investec agreed to provide to the stricken JCI. The three listed companies under Kebble’s control had reached liquidity termination point, even ahead of the Western Areas rights issue, which closed its R639 million capital raising in December.


    Cash starvation had been the overweening characteristic of Kebble’s business career from when he burst into the public arena in 1996. His main personal investment, by a long way, was a holding of nearly 240 million shares in JCI, acquired in 1997. This was the main weapon he used as leverage to control the three companies. Despite all the appearances, he also controlled JSE-listed Matodzi, which had long been flaunted as his “main” BEE vehicle.


    Based on stock prices quoted on Thursday this week, the value of assets controlled by JCI, Randgold & Exploration and Matodzi add up to a magnificent R7.9 billion. There are, however, two big problems with this apparently massive figure. First, JCI in particular was riddled with debt, as suggested. At the date of its most recently published financial statements, 31 March 2004, JCI disclosed borrowings of R1.6 billion.


    Careful analysis shows, however, that JCI on that date concealed no less than an additional R1.3 billion in liabilities. Kebble slyly parked these liabilities off balance sheet, Enron style. JCI’s real borrowings were thus R2.9 billion, a massive figure for an entity with zero normalised income. In turn, the apparent assets of JCI that were worth R4.1 billion this week need R2,9 billion worth of liabilities gouged out. That produces a net asset value of about R1.2 billion, equal to about R0.56 per JCI share, substantially higher than the R0.16 a share quoted when JCI was suspended.


    The second big problem in analysing the value of the wreckage left behind by Kebble is embedded in irregular, and apparently illegal, stock sales that he made, mainly out of Randgold & Exploration, starting around mid-2004. Assuming the best case scenario, and thus relying on all the claims that Randgold & Exploration made in published accounts, the stock would this week have been worth R3.2 billion. Sadly, huge deductions have to be made from this figure to hit something anywhere close to reality.


    In January this year, London-based Randgold Resources let it be known that the last 4m of the so-called 18.4 million “missing shares” allegedly held in it by Randgold & Exploration had been sold off. The 18.4 million Randgold Resources shares represented, of course, the single most valuable component of value within Randgold & Exploration.


    While these shares have been described as “missing,” technically it is the cash that’s gone walkabouts (the stock was sold by or on behalf of Kebble to bona fide investors on open markets). According to a statement from Randgold Resources, once a subsidiary and then an associate of Johannesburg’s Randgold & Exploration, “based on available information,” the 4 million shares “were formerly owned by a wholly owned subsidiary of Randgold & Exploration.” Société Générale SA apparently sold the 4 million shares for $66 million.


    So, sadly, this week’s apparent value of Randgold & Exploration at R3.2 billion needs to be reduced in a number of steps. First, deduct R2 billion (the replacement cost of the Randgold Resources shares). Second, deduct R578 million, for stock sold off in another listed company, SXR Uranium One. Third, deduct other listed stocks that were sold off, to the tune of R154 million.


    These deductions add up to about R2.7 billion, but exclude a number of smaller deductions. In any event, the three big deductions leave Randgold & Exploration with a value of about R512 million. On a per share basis, that computes to R6.84, well below the R8.90 a share when Randgold & Exploration was suspended from trading last year.


    The situation remains dynamic, to say the least. On 14 December 2005 the new management at JCI advised that forensic investigators appointed by it had unearthed “prima facie evidence that there has been misappropriation of company assets, including during prior financial periods.” This indicated that accounts published for such prior periods stretched the truth.


    Randgold & Exploration was delisted from the Nasdaq, one of the US’s biggest stock exchanges, on September 21 last year. Previously, as part of its listing requirements, Randgold & Exploration filed its 2003 annual report with the Securities Exchange Commission in Washington. Part of the huge 218-page filing said Randgold & Exploration had issued 8.8m new shares (then worth R260m) to acquire Viking Pony Properties 359, which “held 235,000 Anglo Platinum shares, 315,000 Harmony shares and 7,3 million shares of The Afrikander Lease.” Viking Pony, the filing said, also owned 75% of Kabusha, which in turn held 23 million shares in Aflease.


    In an affidavit signed in November last year, new JCI CEO Peter Gray referred to the claims that Viking held such shares, and stated that “As will appear from the Viking balance sheet, Viking owns no such shares.” :D Gray, who was applying for Viking to be liquidated, diplomatically avoided reference to the entity that had been paid R260m. That party, Phikoloso Mining (Proprietary) Limited, was referred to by Randgold & Exploration in its SEC filing. The name also appeared in the glossy 2003 Randgold & Exploration annual report, where Roger Kebble (Brett’s father), then non-executive chairman, said that the Phikoloso “transaction brought on board several new and talented participants in the form of Chris Nissen, Brenda Madumise and Lunga Ncwana.” :D


    In its December 2005 advisory to shareholders, JCI also said “work was in progress to determine the exact extent of the misappropriation, which could be substantial, as well as to initiate, if necessary, the relevant legal processes, including the necessary actions for the recovery of misappropriated assets.”


    But the big mystery remains, to this day. It has been painstaking work digging out the reality that hundreds of millions of rands in cash went walkabouts under the hand of the late Brett Kebble. Investors, however, are still a long, long way from being informed as to exactly where the cash went. :D Given Kebble’s core focus of protecting his personal interest in JCI, there is no doubt that chunks of the missing cash would have been filtered back into the group, directed least at Randgold & Exploration, but mainly at keeping JCI’s key interest, Western Areas, above water.

  • TWILIGHT of the Hippo-Gods? WAR, RANGE

    Yet another Kebble scam unravels X(


    By: Barry Sergeant


    Posted: '03-MAR-06 06:37' GMT © Mineweb 1997-2004


    JOHANNESBURG (Mineweb.com) --Despite assurances to the contrary, Simmer & Jack Mines is buckling to pressure to break up its black economic empowerment (BEE) partner, Jaganda, in a fierce fight for hundreds of millions of rands in cash loot.


    As recently as February 3, Simmers announced that “negotiations regarding Jaganda (Pty) Ltd have been terminated.” Jaganda holds 378.6million shares (44.6% of the total) in Simmers.


    However, in an announcement on Thursday, Simmers said “an internal dispute” within Jaganda has led to a group of shareholders within Jaganda applying to the High Court for Jaganda to be liquidated on the basis that it would be “just and equitable” to do so. If the application is successful, tens or even hundreds of millions of Simmers shares could be dumped on the market.


    Less than a year ago Jaganda was worth pennies but thanks to a soaring gold price, today it’s worth hundreds of millions of rands. The Simmers stock price lost a stiff 8% on Thursday, to close at R1.90 cents a share but even so, this level of stock price values Jaganda, net of all liabilities, at R498 million. However, the Jaganda structure is subject to a lock up period that extends a further four years. The only way to demolish the lock up is to liquidate Jaganda.


    Jaganda has two sets of shareholders. First and foremost, “management” components own 49% of the entity, in the form of Roger Kebble (who stepped down from the Simmers executive in December), Gordon Miller (who has repeatedly denied that the late Brett Kebble ever had anything to do with the establishment of Jaganda), John Berry, and Graham Wanblad, each holding 9.8% of Jaganda.


    This left one further 9.8% stake owned by an unnamed individual. The unnamed, apparently carefully hidden, 9.8% shareholder in Jaganda is Ronnie Watson, who, like most of the Jaganda BEE individuals, hails originally from the Eastern Cape, which is not much of a mining province.


    The 51% BEE entities in Jaganda have been variously described as Richtrau No. 47 and/or Vulisango and/or Msobomvu Mining; apparently the main individual shareholders at this level are Mzolisi Chiliwe, Archie Velile Mkele, Zola Yeye, Siviwe Mapisa and Bulewa Jeanie “Baba” Njenje.


    The Jaganda shareholders, all told, paid a grand total of R26.26 (yes, less than R100) for their shares in Jaganda, that are now worth a combined R498 million. The individual shareholders, who would have paid less than R2,50 each for their Jaganda shares, appear only too keen to cash in at around R50 million each.


    Brett Kebble first bought shares in Simmers, 9 million at the time, in 1997 by issuing shares in NK Properties, which later morphed into Consolidated African Mining (CAM), and later still, into the modern day JCI. Before last year’s Simmers rights issue, JCI and its subsidiaries and associates owned 175 million Simmers shares, via Continental Goldfields, an Australian entity, and two of Kebble’s slush funds, Consolidated Mining Management Services (CMMS) and Consolidated Mining Corporation (CMC).


    In transactions complicated even by Kebble standards, last year’s Simmers rights issue had at its core the conversion of a R76 million loan CMMS (a 98% JCI subsidiary) had made to Simmers. Instead of converting the loan into fresh Simmers equity, Simmers instead issued 22 million shares to CMMS and CMC, but also an additional 357 million to Jaganda. In a back-to-back transaction, Jaganda then issued 357 million preference shares in itself to CMMS.


    The R76 million loan asset that JCI held was now a residual holding in Simmers, directly, and the preference shares in Jaganda. The terms of the preference shares are such that when, or if, called by JCI, Jaganda must pay to JCI R0.25 per preference share, plus 20% of the uplift, if any, in the Simmers stock price, over and above R0.25.


    Thus, at recent levels of R1.90 cents per Simmers share, the Jaganda preference shares are worth R221 million to JCI. There is no question that Kebble essentially gambled R76 million worth of JCI’s cash, cash that belongs to JCI’s public shareholders, on Simmers. Had the gamble fallen flat, the amount would have simply been written off. Jaganda was constructed to take advantage of a possible upside and as the figures show, Jaganda is nothing more than a disguised stock options scheme.

  • Uranaktien: Minen, Explorer, Produzenten, Anwender

    RADIOACTIVE PROFITS


    by Kevin Kerr


    The Uranium market is one that is like a wild roller coaster, and many of the equities associated with it can make investors queasy from the ride. These equities are no different from many mining stocks; they have to be looked at very closely. Uranium trading was starting to become more stable, or so it seemed. Then, just as fast as it calmed down - bam! - it went right back up. In two the uranium price surged $5 to $29 in just two weeks last year.


    After the market woke up and new buying came in, the ultra-precious metal's price climbed another $4, which set the highest uranium price since the early 1980s. The new speculation was triggered by growing expectations that China, India and Russia were planning to build new reactors and more reactors would cause a run on the limited supply of uranium. This speculation may well be right, if the International Atomic Energy Agency (IAEA) stats are even close to true.


    According to a report by the IAEA, 130 new nuclear power plants may be built in the next 15 years. Who are the big players? The usual suspects, of course: China, India, Europe, Russia, etc. Nuclear power provides about 16% of the planet's total annual electricity generation and 34% of the European Union's needs. Trust me, they need it - a lot. When my wife Katrin and I were in Estonia recently, it was frigid cold. Likewise, people are freezing to death in Moscow, right now. Nuclear power is a key component to economic survival in both Eastern Europe and the European Union.


    I couldn't believe some of the stats for other countries that I found in a great nuclear energy report called Uraniumletter International:


    "China: Announced that it plans to build up to 40 nuclear reactors within the next 15 years. Some experts feel this will increase the amount of electricity generated by nuclear power from 2.4% to 4%.


    "India: Also getting aggressive and wants to increase mining of uranium ore at four mines, including the existing Jaduguda mine in Jharkhand. The country recently signed a nuclear energy agreement with the United States and could generate 40,000 megawatts of nuclear power in the next 10 years, compared with current production of 3,120 megawatts.


    "France: Receives 78% of its electricity from nuclear power.


    "Belgium: Gets almost 56% of its power from nuclear plants.


    "Sweden: Close to 50% of Sweden's power is nuclear.


    "Switzerland, Japan and the United States: Nuclear power provides 40%, 25% and 20%, respectively.


    "Korea: Currently uses about 40%, operating on 19 nuclear reactors, and is expected to increase its dependence on nuclear power up to 60% in three decades.


    "Asia: Nuclear energy is becoming more and more vital to the growing economies. Without it, Asia's bazillion factories would come to a grinding halt."


    I’m not a historical scholar by any stretch, but I am a big history buff and the he history of atomic energy fascinates me. In the 1940s, the U.S. government began buying large amounts of uranium in the effort to produce the world's first atomic bomb.


    I mean, a country didn't simply go down to Wal-Mart in those days and buy some. So, it was a major undertaking. Don't laugh, maybe someday we will all have little nuclear reactors in our backyards, and instead of going to get some more wood for the fireplace, you’ll have to run to Wal-Mart to get a bag of uranium.


    Nuclear power plants, as we know them, fired up in 1959. That was when the first privately funded nuclear energy plant came on-line, in Illinois. Fast-forward, and by the 1970s that number had exploded (pardon the pun) to 250 nuclear reactors that were planned across the United States - but the dream train of cheap, easy energy derailed a bit.


    The disaster in Pennsylvania changed all that. I was just a kid, but I remember that accident. Three Mile Island was a nightmare. My wife Katrin was just a kid when Chernobyl happened. She lived in nearby Estonia. They had to stay inside for days, she told me.


    Anyway, the Three Mile Island nuclear power plant accident came close to Armageddon in 1979. Remember that movie? The China Syndrome? In the movie, Jack Lemmon works in a nuclear power plant that is going to have a meltdown. This movie is the kind of hysteria that made the public fear nuclear energy, and basically put the brakes on new construction. People didn't want it near their homes, and I can't say I blame them.


    Public ignorance and fear of nuclear power changed the course of nuclear energy, as we’ve known, it for a very long time. Starting in the 1980s, utilities were canceling plants hand over fist. This resulted in the almost complete collapse of the uranium market.


    And then, to beat down the market even further, uranium got hit square in the jaw. This second blow came when the Soviet Union fell apart in 1991. Enriched uranium that was removed from Russian bombs was blended down to reactor-grade fuel and put on the market. But, it gets worse.


    The third punch came when the Clinton administration dumped 55 million pounds of "yellowcake" (uranium in the form of a yellowish powder) on the market, via a government-owned uranium enrichment program. This was what really caused the freefall for uranium prices - until now.


    American uranium production peaked in 1980 at 43.7 million pounds, according to the U.S. Energy Information Administration. That was the proverbial nail in the coffin for the exploration of uranium. New research and development ground to a halt, as mines could no longer afford to operate, and exploration was basically a waste of time, energy and money. According to Uraniumletter International, Wyoming once had eight uranium operations, which produced 12 million pounds per year. Today, things are different - a lot different. Wyoming now has none. Ouch!


    I could go through each state and many countries around the world and cite examples just like that from reports I have read. It seems clear that because of these widespread shutdowns, the once-overflowing uranium supply dwindled in just five to 10 years.


    Things didn't seem so bad during the 1990s; the lack of new supply from functioning mines has been supported by other sources. There were excess inventories, for example, and there was also the dismantling and recycling of nuclear weapons, especially from Russia. Also, reprocessed reactor fuel was added to the mix.


    But many of those quick fixes are no longer available.


    The president's State of the Union address was a rallying cry to uranium producers to get moving...finally, reality is setting in. The dwindling supply of oil and spiraling high prices of fossil fuels are driving interest in nuclear energy as the possible power source that will be used to meet current and future global demand.


    Three Mile Island and Chernobyl, unless you lived there, of course, are distant memories to most Europeans and Americans. On their minds are the prices at the pumps and their home heating bills.


    Bottom line: New supplies of uranium will come at a much higher cost, which in turn, will continue to put upward pressure on the future price of uranium.



    Regards,


    Kevin Kerr
    for The Daily Reckoning