Jim Dines was on PBS last night, the Nightly Business Report, touting his favorite uranium stocks. Since Dines went public with four picks, its clearly ok to finally name names here. Better yet, I'll let Dines do it; here is a link to his appearance last night:
Jim Dines on Nightly Business Report, Nov. 3, 2006
The stocks Dines identified are:
Fronteer Development FRG
Laramide Resources LAM.TO
Mega Uranium MGA.TO
Pinetree Capital PNP.TO
Only FRG is traded on a domestic exchange, so that is the easiest selection to trade. The others are International Equities, require phone calls to brokers and are a bit more cumbersome to follow on a daily basis. Accordingly, so far I only own FRG, but I own a bunch of it and from much lower prices. But according to Dines (his latest newsletter hit last night) this bull market in Uranium and Uranium Stocks is still early and fortunes will be made in this sector in the years ahead.
A
20 comments:
Thanks Allan for the heads up and info on some Uranium picks. I own FRG too.
Did Dines or your other sources give any preference to the Toronto listed plays?
You also tipped this AU play: SUMMIT RES FPO (SMM.AX) as a highly speculative play that would blow big based on some ifs. I believe from my DD that the main if is whether the AU gov passes a low allowing U mining again. I don't know the issues but it seems like an if that is hard to know "when".
Thanks, curt
A -
CCJ has retraced due to their flooding issues. Dines is out. Do you think this could be a buying opportunity?
Konrad
curt: Dines is a firm believer in spreading your bets out to as many as ten companies in any one sector;
Konrad; Dines writes in his newsletter that CCJ could be headed for bankruptcy due to the flooding and their inability to deliver on uranium contracts.
A
Thanks Allan on the buy a basket tip.
BTW do you or anyone have hold/dump thoughts on PTSC? I've been gritting my teeth waiting for the intel/amd shoe to drop. Also waiting for the management to roll out a business model that shows recuring revinue vs the one shot payments from licensees todate. I think PPS is languishing because no one can figure an earnings per share model.
??
tnx curt
From Briefing.com on FRG:
FRG Fronteer Development -- Momentum Profile (8.07 +0.39)
In April, we profiled FRG at $5.09. With it up 59% since then and trading at a new 52-wk high, we thought we'd revisit the story. Fronteer Development is a discovery stage mineral exploration company with properties in Turkey, Canada and Mexico. The co is advancing some large gold deposits. However, it's the co's 47.4% equity interest in Aurora Energy Resources (Toronto: AXU) that piques our interest. Aurora operates one of the largest undeveloped uranium deposits in Canada. Nuclear power has been out of favor and there has not been a new nuclear power plant commissioned in the US since Three Mile Island suffered the partial meltdown of a reactor core in 1979. However, that appears to be changing. As oil prices remain high, nuclear energy is increasingly being considered as an alternative. For example, NRG Energy (NRG) recently said that it would build two nuclear reactors in Texas as part of a $16 bln investment. China is planning to power its growth with the development of dozens of new nuclear power stations, according to an AP report. A recent Washington Post article quoted an energy analyst saying that 60 fresh nuclear reactors will be built in the US.... They key is to the FRG story is the Aurora unit. It has a current mkt cap of C$777.4 mln, which converts to about US$690 mln. FRG owns 47.4% of Aurora which computes to $328 mln. Since FRG's total mkt cap is $470 mln, its other projects are being valued at just $142 mln. As you can see by the chart, Aurora has been a hot stock in Canada which is helping spur the move in FRG... Note: We caution that the stock has risen 26% in the last 3 days, so waiting for a pullback makes sense but we wanted to provide some color on the recent move. (PROFX)
A- what happened to the Apollo basket: AGT, AOOR, APLL. I know AOOR was a spec play. Are you still following any of these?
konrad, I pretty much adhere to a 50% stop on these spec plays.....so what seemed like a good idea at the time hasn't worked out so well. I probably spend more time writing about these cute little penny stocks then is merited by the small place they take up in my portfolios, but they're more fun to write about then the Apple Computers and Qualcomms. And, if one of them hits, all the pain is soon forgotten. At least the i-buys seem to be coming to life.
A
A - thanks for the answers today.
what do you think about URZ?
URZ - Don't know much about the company other then what is contained on their web site:
Uranerz Energy Corporation is the only pure uranium company listed on the American Stock Exchange (symbol URZ). Uranerz's corporate goal is to create shareholder wealth through the discovery or acquisition of quality uranium deposits, and developing those deposits into profitable producing mines using low cost mining methods such as in-situ and heap leach technologies.
http://www.uranerz.com/s/Home.asp
That said, on Friday it broke out on a three-day new high, continuing up today (Monday). The candlesticks are on a Buy signal. So technically, it's in BUY MODE and the fact that they are in the uranium sector is frosting on the cake, radioactive frosting, but frosting nonetheless.
A
So you are saying uranium stocks are "hot"?
Get it?
JK in DC
Allan, Are you still in SMM summit resources, australian market?
Their website lists a bunch of fund holders and recent good news and U mania looks to be a long term buy.
Discussion?
curt
Re: Summit Resources - curt, I dumped it a while back as I was having a hard time following it on a daily basis....if a stock can't be traded electronically, I am very relunctant get in or to stay with it, just a personal quirk I guess. In other words, my exit had nothing to do with the outlook for the stock.
A
Anyone know what company this is? How about the other company with the China mine?
Thanks
Greg
Would You Like to Own $30
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By Matt Badiali
Dear Reader,
For the past 6 months, I’ve scouted the world for the best gold investment opportunities, but have only just recently come across the safest and most undervalued stock that I will probably ever find.
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The company now has so much gold and copper reserve in the ground that one of its shares is equivalent to owning $30 of metal, yet the stock closed yesterday at just $3.13 (as of Nov. 2006)…
A Golden Future
This company’s stock is currently trading at a price-to-earnings ratio of 5.8x, which compared to its peers, is selling at a HUGE discount.
For example, if the company’s reserves were valued at the same rate as Cambior, one of the world’s largest gold producers, it would be worth 20% more than its current price.
The company has three primary deposits, which during the third quarter of 2006 has boosted the company’s net earnings by 70% when compared to the corresponding quarter of 2005.
One of the company’s deposits has become one of the most efficient open pit mines in the world, producing record earnings of $33 million with a record cash flow of almost $66 million.
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The company has put $8 million into drilling and expanding its second deposit, which has resulted in an 800% expansion of the deposits’ known resources, which its previous owners had never knew existed. The deposit contains 4.1 million ounces of gold and 1.5 billion tons of copper in proven and probable reserves.
Last year, the company acquired 100% of its third deposit, which contains two ore bodies, one of which is being drilled right now.
This deposit currently has 1.4 million ounces of gold, but based on upcoming drilling reports, could nearly double to 2 million ounces and drastically bump up the company’s share price as a result.
The company purchased this deposit last year for just $11 per ounce of resource. Even if they can prove only 10% of this resource, they essentially bought gold for $110 per ounce. According to the company’s CEO, this deposit has the potential to produce 150,000 ounces of gold per year for the next decade.
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Its gold production for the most recent quarter was 28% greater than last year’s corresponding quarterly results.
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A Joint Venture with Huge Potential
The company’s latest joint venture project has me particularly excited as well…
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If this project turns out to be a winner, this company’s share price could skyrocket a full 100%.
In short, this is the safest, most undervalued mining company I’ve ever seen and it offers up a primary opportunity to buy a super cheap asset.
Here’s what to do now
My name is Matt Badiali. I’m a geologist. I hold a master’s degree in geology and I’m finishing up my Ph.D. in the same field. I’ve spent the last 15 years studying, teaching, and working in this industry.
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I began a monthly investment advisory showing readers how to capitalize on the booming oil business. And this research service has been nothing short of an astounding success. I’ve already helped more than 33,000 readers learn how to cash in and make money in the oil and gold industries. In the last twelve months, I’ve shown subscribers some lightning quick gains
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The New Bull Market Is Here
If you’ve been paying attention to the price of gold lately – and I’ll bet you have – you’ve noticed quite a run-up in price since 2001.
It’s up 143%.
And if you’ve been eyeing the prices of other precious metals and raw materials, the story is exactly the same...
Silver – up 206%
Platinum – up 185%
Copper – up 458%
Aluminum – up 122%
Oil – up 156%
Zinc – up 500%
Nickel – up 610%
Lead – up 250%
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Looking back, there were 3 commodities bull markets during the 1900s:
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1933 – 1953
1968 – 1982
The shortest of these bull markets lasted 14 years and the longest lasted 23 years.
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In my professional opinion, I think it’ll last until 2020.
How do I know?
Take the price of gold for example...
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Bill Murphy, chairman of GATA, the international watchdog organization monitoring gold markets, wrote, “Gold should top $1,000 within two years on its way between $3,000 and $5,000.”
France’s largest bank’s equity brokerage, Cheuvreux says, “We could see the gold price spike up much further, possibly to $2,000 an ounce or even higher.”
“Rising inflation and continued negative real interest rates make a good environment for precious metals,” Barron’s reports.
No matter which new plateau gold reaches, it seems clear that gold is headed in only one direction – up. But gold isn’t the only precious metal getting ready to take off (prices adjusted for inflation)...
Silver is still about 74% below its all-time high
Aluminum is still about 122% below its all-time high
Zinc is more than 162% below it’s all-time high
Copper is also 61% below its all-time high
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In other words, the best place to have your money over the next two decades will be in precious metals and raw materials.
That’s where I think our newest research service
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Every month in The S&A Gold Report I’ll show you 1-2 recommendations that are likely to benefit from this trend.
While the company I’ve told you about today owns some small gold assets in its properties, it is not a true gold play.
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And being that the company I told you about today has such strong potential, I felt it should be one such equity in my portfolio.
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Coming up with a price for a brand-new research service like this is always a hard task.
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A one-year subscription to The S&A Gold Report costs $1,000. It’s not cheap, I know. However, this research service is designed for a very small group of people who are serious about making money. And you can be sure you are getting high-quality, in-depth research in the process.
If you like the idea of taking a small portion of your portfolio and speculating in tiny precious metals companies that may have the chance to go up by 500%… 1,000%… or greater,
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Sincerely,
Matt Badiali
Editor, The S&A Gold Report
P.S. For the past 7 months, I’ve been working on something very unique… my biggest project to date – researching a tiny firm constructing the largest gold mine in Asia.
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Why this company is about to become the largest gold producer in China.
The other big and potentially profitable gold mines it owns in China.
The exploration projects this company has lined up in China’s uncharted gold regions (remember, more than half the country has yet to be fully explored for gold!) Another big discovery could very well be on the way.
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The first one is northgate minerals.
Thanks anonymous
Greg
you are welcome greg
does anyone have a good play for coal to liquid stock? rentech or perhaps syntroleum?
It seems that their technology could really benefit our fuel hungry nation or better yet our planet.
AA
http://news.yahoo.com/s/nm/20061113/bs_nm/energy_hitachi_ge_nuclear_dc_4
Can anyone tell me whom Jim dines with? Those dinner conversations seem invaluable.
JK in DC
Who is the second chinese gold recommendation?
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