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Uranium stocks punting - Where u stand ? Is it going DOWN ?


On July 24, Westinghouse Electric signed a deal to build four nuclear reactors in eastern China. The price tag on the deal is $8 billion. This is just one tiny piece of the puzzle. China plans to spend approximately $50 billion to build 30 nuclear reactors by 2020. This will increase its nuclear energy production by 40 gigawatts. That's basically enough power to supply all of Spain with electricity. The growth in the nuclear market has resulted in a very large increase in the demand for yellowcake.

I'm not talking about the cake your grandmother brings to your birthday party, either. I am talking about refined uranium (U3O8). The price of uranium has seen a kind of growth second to no other commodity, equity index, or virtually any other investment vehicle available. From 2003 to the present, the spot price of uranium went from $7 to $130 per pound without declining once. That's a 1,700%-plus increase over a five-year span.

The Yellowcake is going Down

I'm here to tell you that this amazing price run is not over yet, not even close. In fact, this market is just barely starting to catch the public eye, but once it becomes mainstream, the uranium market will really take off.

uranium market


Uranium: Supercycle
Uranium is the perfect case study for discussing the notion of a supercycle. A commodities supercycle refers to the extended periods of time when either supply exceeds demand, followed by demand exceeding supply, or vice versa. This cycle extends of a period of several years. Let me explain its relevance to uranium.

Most of the demand for uranium came from the U.S.'s and the USSR's amassing nuclear warheads. After the fallout of the Cold War, and the incidents at Three Mile Island and Chernobyl, the demand for uranium plummeted. Nuclear power plants that were planned for production were canceled at a very rapid pace. And to add further downward pressure, much of the demand that was still left was fulfilled by recycling old Soviet warheads, which is a process that goes on today.

For all of these reasons, the spot price of uranium slumped to a low of $6.50 per pound. Being that uranium miners' revenues directly depend on the spot price of uranium, this drove the majority of them out of the market. This is the lag period when supply greatly overexceeded demand. In this case, it was fueled by a couple of extraneous factors.

Let's fast-forward to 2003. The green energy movement is starting to take hold of the media, public, and Washington alike. Geopolitical tensions are making it essential that nations secure energy resources and become less dependent on politically unstable regions -- especially the Middle East.

So nuclear energy is back, except there's only one problem. There are very few uranium mines still in production, and exploration efforts are essentially nonexistent. It was around 2003 that we began to transition from excess supply to excess demand.

Time to get the shovels digging, the leach operations running, and the mills churning… That's easier said than done -- these processes take time.

An exploration company needs to be formed, and funds need to be raised. The company then needs to either lease or buy land for exploration. The next step involves using radiometric and magnetic survey equipment to prioritize potential exploratory drilling locations. Before any ground is broken, the company needs to obtain permits. This step might be the most underestimated as far as time consumption and difficulty are concerned. The inability of a company to obtain a permit is essentially the end of that company.

Assuming that the company does get its permits, it has to conduct numerous drilling tests. The test samples need to be treated with chemicals and then assessed for further testing. Again assuming that everything goes well with the drill tests, the company can go ahead and set up a mining operation, whether it be a leach setup or a more conventional mine. Infrastructure needs to be set up, and workers need to be brought in. During this whole process, time is ticking away. Once the ore has been removed from the earth, it needs to be transported to a mill for further processing. The product is eventually refined into the final product, U3O8.

Notice my use of the word "assuming." Those are very big assumptions, and that's why a very small minority of these companies actually make it to the production phase.

Just look at all of the places where a company could hit a dead end. Operating capital could dry up. There could be a failure to obtain permits. What if there's no uranium on your property?

The production of these mines takes time and money. Even if everything goes well, you are talking at least six years until a mine becomes operational from initial exploration, and it's for this reason that there is a long period of time during which demand exceeds supply. This shortage will always show up in price, and that's exactly what we have and will continue to see. This has directly shown up in the supply and demand for yellowcake.

Uranium Supply
The theory of commodity supercycles clearly explains why supply has lagged behind demand and will continue to do so over the coming years. But there is another story behind the supply shortage in uranium.

Uranium deposits often occur in geologically fragile areas. In other words, uranium mines are susceptible to disruptions. This is a risk with any mine, but the risk is higher with most uranium mines. Just look within the last eight months -- two major mines have been flooded, which caused significant delays in future production.

The two mines are Cameco's Cigar Lake operation and Energy Resources of Australia's Ranger mine.

Let's start with the situation at Cameco. On Oct. 23, 2006, Cameco announced that its Cigar Lake operation had experienced flooding in parts of the underground mine due to a collapse of rock formation.

This mine was planned to come into production in 2008. After the flood, Cameco announced that production would be delayed one year. It looks like the company was a little optimistic, because it recently came out and said that the remediation process was taking longer than expected. It pushed the expected production date back to 2010.

The impact of this flood is very significant on the market. Cigar Lake had the world's largest undeveloped high-grade uranium deposit. The proven and probable reserves are estimated at 226.3 million pounds of U3O8, with an average 21% grade. It is very easy to see the significance of delaying this planned production from the market.

The other operation mentioned was the Ranger mine. The incident here was different. The flooding at the Ranger mine was not a result of geological instability, but a result of Mother Nature. Tropical Cyclone George was the cause of the flooding at the Ranger mine.

uranium market

This is a very significant loss in production. Energy Resources of Australia's planned production was revised down to 7.5 million pounds of uranium. That's a 4 million pound decline, or 4% of total world production. That 4 million pounds of uranium is estimated to be worth $340 million.

Energy Resources of Australia claimed "force majeure" on its contracts for sales. In other words, because of unforeseen events, it has exited ALL of its contract obligations for delivery of U3O8.

Situations like these are unable to predict and carry devastating implications for the supply of U3O8. Remember that these two incidents occurred within the past eight months. Although one can't say when or where, you can bet that we haven't seen the end of scenarios like the abovementioned ones.

Uranium Demand
The demand side finishes the bullish picture for uranium. The main catalyst is the move to green energy. Nuclear power plants have no carbon emissions. The growth of nuclear power is just beginning, but planned production is expected to greatly increase the demand for uranium.

Here is a list of the amount of power plants planned for production: U.S., 34; China, 40-plus; Russia, 42; S. Korea, 11; and many others. That is combined with the 448 nuclear power plants currently in production.

The end result of this is an annual rate of consumption currently running at 188 million pounds of U3O8 per year, compared with an annual mine production of 100 million pounds of U3O8 per year. The difference is made up in excess ore pilings and old Soviet warheads being converted into nuclear fuel.

For a brief snapshot of the market, last month, active supply (the amount of U3O8 for sale) was approximately 2 million pounds. Active demand (buyers currently seeking uranium for shipment) was 4.4 million pounds. These buyers are the reason that the price of yellowcake has been getting bid up at such an extreme pace. And not all of these buyers were able to secure U3O8 for shipment.

The uranium market is very transparent. This makes the supply and demand fundamentals extremely easy to read and interpret. Supply disruptions have increased the shortages of available uranium for delivery. Junior and intermediate miners are all racing to get production online, but the general public has trouble understanding the time and money it takes into turning these properties into profitable ventures. The use of nuclear energy as an alternative to carbon-based fuel sources has really set into place the emergences of a fantastic bull market.

There is going to be a very innovative way to play this market. This fall, a nuclear energy ETF will be released here in the U.S. It is set to follow the DAXglobal Nuclear Energy Index. This is an ETF that invests in the following fields: uranium mining, uranium enrichment, uranium storage, nuclear power plant builders, nuclear fuel transportation, nuclear equipment and generation. Market Vectors is the company that is getting the U.S. version of this ETF up and running. This is really exciting stuff, and once this ETF IPOs, its price will very likely jump, being that it is one of a kind here in the U.S. Given a good buy price, this one is a safe and potentially highly profitable way to play the uranium market.

Bonus Report:
Washington and Wall Street just perpetrated one of the biggest stock market FRAUDS of the last 100 years. And they're just getting started, too. I think you know what I'm talking about. After all, every politician still babbles on about it. Every hype jockey on Wall Street still wants you to buy into it. In fact, I'm so sure you've heard way too much about it… you've probably got it pouring out of your ears. I'm talking, of course, about the so-called liberating, enabling, America-saving, ever-lovin', environment-protecting "miracle" of the alternative energy scene…Ethanol.

REF : http://www.dailyreckoning.com/rpt/uraniumreport.html

 

  • August (11)

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    My Share Trading - Australian Share Trading Blog & News

    An American Hedge Fund: Tim Sykes

    I like to read various trading books to keep sharpening my trading skills. You tend to pick up a trick or two or be inspired to improve your trading when you read any trading books. I was asked by Tim Sykes to review a proof of his book... so I obliged.

    Join Tim Sykes on this exciting roller coaster ride that is stock trading. From baseball card trader to online stock enthusiast, to active day trader, hedge fund manager, reality TV star and trading educator he continuously adapts to changing markets: an important trading skill. No sound investment strategies to be found here!

    In his new book "An American Hedge Fund", Tim Sykes successfully introduces the reader to his world of trading. The book is about the road he took from an online stock trader enthusiast to a hedge fund. He describes everything from the neurosis of the hours leading up to a market opening, to the ugly girls in his university campus to the depression that follows big losses in a captivating and entertaining manner.

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    An American Hedge Fund: Tim Sykes

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    From http://www.mysharetrading.com/2007/07/31/an-american-hedge-fund-tim-sykes.htm - 8/1/2007 8:36:32 AM

    Carlos Slim - Richest Man In The World

    Carlos Slim is now the world's richest man is worth an estimated $US67.8 billion. This Mexican tycoon has overtaken Warren Buffet and Bill Gates according to a respected tracker of Mexican financial wealth: Eduardo Garcia from Sentido Comun an online financial publication he founded. A 27 per cent surge in the share price of America Movil, Latin America's largest cell phone operator controlled by Carlos Slim, from March to June made him close to $8.6 billion wealthier than Bill Gates (which Garcia figures Gates is worth $59.2 billion). Meanwhile, Forbes magazine has reported in April that Slim had overtaken Warren Buffet but not Gates. Forbes had increased Carlos Slim's net worth because gains from his holding company Carso and fixed-line telecom Telmex added to the Mexican's fortune while shares of Buffett's Berkshire Hathaway Inc fell in the same period. Garcia calculated three months ago that Carlos' value was just more than gates by a tiny bit but now he has no doubt who is richer. Carlos Slim's companies rose sharply with shares of Telmex in the second quarter rising 11 percent and Slim's bank, Inbursa, saw its stock increase by 20 percent. Garcia figures that Slim and his family own a fortune equivalent to 8 per cent of Mexico's gross domestic product. According to Sentido Comun, for Gates to be worth 8 percent of the U.S. economy, his fortune would have to grow to more than $13 trillion, 17 times his current wealth.

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    From http://www.mysharetrading.com/2007/07/03/carlos-slim-richest-man-in-the-world.htm - 7/4/2007 7:32:42 AM

    Fortesque Metals (FMG): Winner

    Fortescue Metals (FMG) was the best performing company on the Australian sharemarket this week (winner of the week for week 18 of 2007). The mining company gained 22 percent on the week after it signed a new iron ore deal with China. Fortescue was the best performing company on the ASX200 index. The company share price closed the week at $29.22 increasing by $5.18 in a week.

    Fortescue Metals Limited is listed on the Australian Stock Exchange (ASX) under stock code FMG. You can view their investor website here. FMG was listed on the ASX on 19 March, 1987. The company is involved in the development of the Pilbara Iron Ore and Infrastructure Project. Andrew Forrest is the CEO of Fortescue Metals. Fortescue has over 2.4 billion tonnes of Resources, including 1.1 billion tonnes of Reserves already delineated from less than 10% of its 38,000 square kilometres of tenements, the largest in the Pilbara. The company is developing The Pilbara Iron Ore and Infrastructure Project and will commence shipping ore from Port Hedland in the second quarter of 2008. The initial plans are to sell 45 million tonnes of iron ore per annum, expanding as the market dictates. Check your charts and good luck with your share trading

    From http://www.mysharetrading.com/2007/05/11/fortesque-metals-fmg-winner.htm - 5/12/2007 1:34:02 PM

    Alliance Resources (AGS): Loser

    Alliance Resources (AGS) was the worst performing company on the Australian sharemarket this week (loser of the week for week 18 of 2007). The gold miner lost 19 percent of it share value in a week after the release of a report on one of its uranium deposits.

    Alliance Resources Limited is listed on the Australian Stock Exchange (ASX) under stock code AGS. You can view their investor website here. AGS was listed on the ASX on 19 October, 1994. Alliance's core business is as a uranium, copper and gold explorer. Alliance operates the Maldon Gold Project in Victoria and has a 25% free carried interest (Quasar Resources Pty Ltd – 75%) in the Arkaroola Project in South Australia, where its joint venture partner Quasar is exploring for uranium, copper and gold. In 2005 Quasar discovered the Beverley 4 Mile uranium prospect on the JV tenements. Steve Johnston is the CEO of Alliance Resources. Check your charts and good luck with your share trading!

    From http://www.mysharetrading.com/2007/05/11/alliance-resources-ags-loser.htm - 5/12/2007 1:33:58 PM

    Futuris the Best of its Indices

    Besides Fortescue Metals, Futuris Corporation was the best performing company on the ASX100 index closing the week at $2.47, increasing its stock price by 9.4% or 76 cents. Other top movers this week were these two stocks on the ASX index: Incitic Pivot whose shares increasing by 10.56% (or $7.25) closing the week at $60. On the other hand, Kimberley Diamonds increased their share value by 9.42% or 7 cents closing at 76 cents. This week the All Ordinaries closed at 6297.3, while the ASX200 index closed at 6297.4.

    Futuris Corporation Limited is listed on the Australian Stock Exchange (ASX) under stock code FCL. You can view their investor website here. FCL was listed on the ASX on 30 June, 1981. Stephen Gerlach is the chairman of Futuris and Leslie Peter Wozniczka is the CEO. The company is involved in an extensive range of farm services to the Australian rural community including rural finance; Design & manufacture of air conditioning and steering systems and related parts for the automotive industry. Futuris Corporation is a leading Australian diversified industrial. Each of their major businesses is a leader in its sector. They have interests in Elders (leading rural services provider), Australian Agricultural Company (largest beef producer), Integrated Tree Cropping (largest hardwood plantation estate) and a 27 percent interest in Webster Limited (salmon aquaculture). Check your charts and good luck with your share trading!

    From http://www.mysharetrading.com/2007/05/11/futuris-the-best-of-its-indices.htm - 5/12/2007 1:33:54 PM

    Allco Finance, Just Group & Bolnisi Gold Fall From Grace

    Besides Alliance Resources, other poor performing stocks on the Australian stockmarket: On the ASX100 index Allco Finance closing at $11.27 losing $1.33 or 10.56 of value. On the ASX200 index the Just Group lost 12.64% or 57 cents closing at $3.94. Another Loser was Bolnisi Gold losing 37 cents or 11.246 percent closing their share price at $2.92. This week the All Ordinaries closed at 6297.3, while the ASX200 index closed at 6297.4.

    From http://www.mysharetrading.com/2007/05/11/allco-finance-just-group-bolnisi-gold-fall-from-grace.htm - 5/12/2007 1:33:49 PM

    Coates Hire (COA): Winner

    Coates Hire (COA) was the best performing company this week on the Australian sharemarket (loser of the week for week 17 of 2007) closing the week 18 percent or 95 cents higher, closing at $6.17 after confirming private equity bid approaches. The company took the award this week for the best performing company on the ASX200 index. The industrials are on an average PE of 18.1 times - the highest since the tech boom. The ASX200 index closed at 6304.9 and the All Ordinaries at 6296.2. Coates Hire was also a Loser of the week back in February.

    Coates Hire Limited is listed on the Australian Stock Exchange (ASX) under stock code COA. COA was listed on the ASX on 6 August, 1996. The company is involved with the hire of equipment servicing the construction, resource, civil engineering and contracting industries and a range of industrial, commercial and government organisations. You can view their investor website here. Browse for Australian stockbroker recommendations. Check your charts and good luck with your share trading!

    From http://www.mysharetrading.com/2007/05/05/coates-hire-coa-winner.htm - 5/5/2007 3:45:10 PM

    Commander Communications (CDR): Loser

    Commander Communications (CDR) was the worst performing company on the Australian Stock Exchange this week (loser of the week) falling 15 percent or 31 cents closing at $1.71 after a profits warning. The company was also the worst performing on the ASX200 index. The ASX200 index closed at 6304.9 and the All Ordinaries at 6296.2.

    Commander Communications Limited is listed on the Australian Stock Exchange (ASX) under stock code CDR. You can view their investor website here. CDR was listed on the ASX on 1 December, 2000. Commander provides telecommunication services (fixed line, mobile, data and hardware) and computer services (PCs, servers, software, outsourcing) to small business and corporate customers throughout Australia. Elizabeth Nosworthy is the Chairperson of Commander Communications and Adrian Coote is the CEO. A previous recommendation for Commander Communications. Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. You can use Instalment Warrants to trade CDR. Check your charts and good luck with your share trading!

    From http://www.mysharetrading.com/2007/05/05/commander-communications-cdr-loser.htm - 5/5/2007 3:45:06 PM

    Santos, Minara, Straits Resources & Incitiec Pivot Big Movers

    Other than Coates Hire, other top performers were: Oil producer Santos increased their value by $1.33 or 11.8 percent to close at $12.58. Other big movers this week were from the ASX200 index: Minara closing $8.69, increased by $1.23 or 16.5 percent. Straits Resources closed at $4.35, increasing by 54 cents or 14.17 percent. Finally Incitec Pivot closed at $52.75 increasing their company value by $6.48 or 14 percent

    From http://www.mysharetrading.com/2007/05/05/santos-minara-straits-resources-incitiec-pivot-big-movers.htm - 5/5/2007 3:45:02 PM

    Aristocrat also a Big Loser

    Besides Commander Commnications another awful performer on the Australian Stock Exchange's ASX100 index was Aristocrat closing at $15.18, losing $1.12 in value or 6.871%.

    Aristocrat Leisure Limited is listed on the Australian Stock Exchange (ASX) under stock code ALL. You can view their investor website here. ALL was listed on the ASX on 9 July, 1996. This company designs, develops, manufactures and markets gaming machines, gaming systems and other gaming equipment and services. David Simpson is the chairman for Aristocrat Leisure and the managing director is Paul Oneile. Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. You can use Instalment Warrants to trade ALL. Check your charts and good luck with your share trading!

    From http://www.mysharetrading.com/2007/05/05/aristocrat-also-a-big-loser.htm - 5/5/2007 3:44:58 PM

    United Group, Independence Group, Kagara Zinc Babcock & Brown are Winners Too

    Other than Astron, other top performers on the Australian sharemarket were: United Group closing at $15.99, gaining $1.48 or 10.2 percent on the week (winner of week for week 16 on the ASX100 index), Independence Group increased their share value by 0.97 cents or 16.9 percent this week, closing the week at $6.71 (winner of the week for week 16 on the ASX200 index). Other great performers were Kagara Zinc, $6.34, adding 0.34 cents or 15.7 percent and Babcock & Brown increasing by 32 cents or 10.9 percent closing at $3.26. It's the end of April... have you heard of "sell in May and go away?"

    From http://www.mysharetrading.com/2007/04/28/united-group-independence-group-kagara-zinc-babcock-brown-are-winners-too.htm - 4/28/2007 3:44:54 PM

    Bendigo Bank (BEN): Loser

    Bendigo Bank was the worst performing company on the Australian sharemarket this week after the stock had rejected a bid the Bank of Queensland (BOQ).(Loser of the week for week 16 of 2007) Bendigo bank closed the week at $15.82 losing $1.73 or 9.86 percent. The company also took the title for the worst performing company on the ASX100 and ASX200 indices. It's the end of April... have you heard of "sell in May and go away?" Bendigo Bank was previously a Winner of the week.

    Bendigo Bank Limited is listed on the Australian Stock Exchange (ASX) under stock code BEN. You can view their investor website here. BEN was listed on the ASX on 19 December, 1985. Robert Johanson is the chairman for Bendigo Bank and the managing director is Robert Hunt. The bank provides a range of banking and other financial services, including retail banking, business banking and commercial finance, funds management, treasury and foreign exchange services. Bendigo Bank is a publicly-listed company on the Australian Stock Exchange and is owned by more than 48,000 primarily small shareholders. A retailer of banking and wealth management services to households and small to medium businesses, it has a major presence across Victoria and Queensland and is growing its networks throughout Australia as it responds to new marketing opportunities and develops business alliances. Bendigo Bank continues its tradition of adding value for customers through quality personal service, but also provides customers with a wide range of self-help banking options such as 24-hour telephone and e-banking facilities. Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. You can use Instalment Warrants to trade BEN. Check your charts and good luck with your share trading!

    From http://www.mysharetrading.com/2007/04/28/bendigo-bank-ben-loser.htm - 4/28/2007 3:44:50 PM

    Astron (ATR): Winner

    Astron (ATR) an Zirconium producer, was the best performer on the Australian sharemarket (winner of the week for week 16 of 2007) closing the week up 28 per cent after purchasing a parcel of land in WA.

    Astron Limited is listed on the Australian Stock Exchange (ASX) under stock code ATR. You can view their investor website here. ATR was listed on the ASX on 11 November, 1983. The company is an international manufacturer and distributor of advanced zirconium chemicals and materials. Gerard King is the chairman and Alex Brown is the Managing Director of Astron. Check your charts and good luck with your share trading!

    From http://www.mysharetrading.com/2007/04/28/astron-atr-winner.htm - 4/28/2007 3:44:46 PM

    Karoon Gas (KAR): Winner

    Karoon Gas was the best performing company on the Australian sharemarket last week (Winner of the week for week 15 of 2007) closing 31 percent higher after winning extra acreage in the Browns Basin. The All Ordinaries closed the week at 6187.2 and the ASX200 closed at 6207.5.

    Karoon Gas Australia Limited is listed on the Australian Stock Exchange (ASX) under stock code KAR. You can view their investor website here. KAR was listed on the ASX on 8 June, 2004. Karoon Gas's core focus and strategy is to identify, explore and develop acreage that is highly prospective for oil and gas . Karoon currently has two focus areas,the Browse Basin and the Western Gippsland Basin. Check your charts and good luck with your share trading!

    From http://www.mysharetrading.com/2007/04/21/karoon-gas-kar-winner.htm - 4/21/2007 3:03:29 PM

    Spectacular Gains By Orica, James Hardie and Macquarie Prologue

    Other than Karoon Gas, other top performers on the Australian sharemarket were: Orica closing the week at $33.90 gaining $6.91 or 25.6 percent to their value (winner of the week on the ASX100 and ASX200 indexes for week 15); James Hardie was the next best performer on the ASX100 with a 10.6 percent or 89 cents closing at $9.30. The next best performer after Orica on the ASX200 index was Macquarie Prologue closing the trading week at $1.42 or increasing their share price by 14 cents or 11 percent.

    Orica Limited is listed on the Australian Stock Exchange (ASX) under stock code ORI. ORI was listed on the ASX on 28 November, 1961. Orica is the world's leading supplier of commercial explosives and is also the largest chemical company in Australia and New Zealand. It manufactures and supplies commercial explosives, industrial and specialty chemicals, decorative paints, and plastics. Orica has significant operations in Australia, New Zealand, South East Asia, North and Latin America. Orica Mining Services offers commercial explosives, initiating systems and Blast-Based Services to the mining, quarrying and construction industries. The business is run globally with a presence in Australia, Asia, Europe, the former Soviet Union, Africa, the Middle East, North America and Latin America. Orica Consumer Products is Australia and New Zealand’s leader in decorative, preparation, and lawn and garden care products. The business manufactures and markets icon brands including Dulux, Berger, British Paints, Levene, Walpamur, Cabot’s, Feast Watson, Intergrain, Acratex, Selleys, Rota Cota, Poly, Turtle Wax, Yates, Thrive, Zero and Dynamic Lifter in Australia and New Zealand. Chemnet is Australasia’s leading trading and distribution solutions business, servicing more than 40 key industries. The business is based in Australia and operates in New Zealand, China, Hong Kong, Fiji, Indonesia, Thailand, Malaysia, Singapore, Peru and Chile. Chemical Services is a major supplier of chemicals, services and technology to the water treatment, mining chemical and industrial chemical markets. The business is based in Australia and has operations in the United States and the United Kingdom. Donald Mercer is the Chairman of Orica and Graeme Liebelt is the CEO. James Hardie Industries N.V. is listed on the Australian sahremarket under JHX. James Hardie underwent a corporate restructure and redomiciled in the Netherlands in the second half of 2001. The company's securities ceased trading under the ASX code 'HAH' on 12 October 2001 and commenced trading under a new ASX code 'JHX' on 15 October 2004. For any market announcement in relation to James Hardie Industries Limited prior to 19 October 2001, please use the ASX code 'HAH'. JHX is involved in the research, development, manufacture, sale and marketing of fibre cement building materials.

    From http://www.mysharetrading.com/2007/04/21/spectacular-gains-by-orica-james-hardie-and-macquarie-prologue.htm - 4/21/2007 3:03:26 PM

    Auspine (ANE) Winner Week 19 2007

    Auspine (ANE) was the best performing stock overall on the Australian Stock Exchange (ASX) (winner of the week for week 19 of 2007) jumping 44 percent on the week after receiving a takeover bid from Gunns.

    Auspine Limited is listed on the Australian Stock Exchange (ASX) under stock code ANE. You can view their investor website here. ANE was listed on the ASX on 1 January, 1970. Auspine Limited is an Australia-based company involved in the growing and harvesting, manufacturing and sales of timber products in both domestic and export markets. Auspine's business involves the growing and managment of forests, sawmilling and further processing, timber preservation and timber merchandising. The principal activities of the Company include forestry plantation management and harvesting; manufacturing of house framing timbers, pre-fabricated wall frames and trusses, engineered timber products and preserved timbers; wholesaling and distribution of local and imported timbers, and export of woodchip. It has two business segments, Forest and Forest Products, and Non-Australian Products. Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. Check your charts and good luck with your share trading!

    From http://www.mysharetrading.com/2007/05/18/auspine-ane-winner-week-19-2007.htm - 5/19/2007 6:46:21 AM

    Fortesque Metals (FMG): Winner for ASX200

    Fortesque Metals (FMG) was the best performing stock on the Australian Stock Exchange ASX200 index this week for week 19 of 2007. Fortesque closed the week up 18 percent or $5.23 closing the week at $34.45. The stock is also up by 54 percent for the month. The All Ordinaries index closed at 6319.7 and the ASX200 index closed at 6312.5.

    Fortescue Metals Limited is listed on the Australian Stock Exchange (ASX) under stock code FMG. You can view their investor website here. FMG was listed on the ASX on 19 March, 1987. The company is involved in the development of the Pilbara Iron Ore and Infrastructure Project. Andrew Forrest is the CEO of Fortescue Metals. Fortescue has over 2.4 billion tonnes of Resources, including 1.1 billion tonnes of Reserves already delineated from less than 10% of its 38,000 square kilometres of tenements, the largest in the Pilbara. The company is developing The Pilbara Iron Ore and Infrastructure Project and will commence shipping ore from Port Hedland in the second quarter of 2008. The initial plans are to sell 45 million tonnes of iron ore per annum, expanding as the market dictates. Check your charts and good luck with your share trading!

    From http://www.mysharetrading.com/2007/08/28/fortesque-metals-fmg-winner-for-asx200.htm - 5/19/2007 6:27:32 AM

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    The diggers and dealers forum has just begun August 1. Its a three day annual event happening every year  at the WA country town of kalgoorlie.2011 Diggers & Dealers forumBig name brokers  keenly watching the event will be MacquarieDeutsche BankBell PotterGoldman SachsRBS MorgansEvans & PartnersHartleysBlack Swan Euroz.Well most other websites will give you the  finer details of the annual meet and greet that happens at kalgoorlie , so we will just stick with the bare minimum of details  and focus on the more enjoyable bits  of information that the dealers require to strike a good deal while in town.Bare detailsWebsite : Diggers & DealersEvents : Program and scheduleWatering holes and entertainment at Diggers and dealers forumPubs , clubs  and skimpy (barmaids) culture in kalgoorlie . There are about 25 pubs in Kalgoorlie-Boulder area and for a city that stretches just 67sq km the number of pubs makes for  a good choice on drinking holesand entertainmentExchange Hotel ( Pa…

    List of Australian blue chip stocks

    Australian shares gained 0.6 percent on Wednesday led by blue chip miners and financials on strong resource price


    The biggest Blur chip stocks traded on the ASX, in terms of their market capitalisation, include:
    BHP BillitonCommonwealth Bank of AustraliaTelstra CorporationRio TintoNational Australia BankAustralia and New Zealand Banking GroupRio tintoWestpac
    The only stock to do worse than the S&P/ASX 200 is Harvey Norman Holdings Ltd [ASX: HVN]. Even so, it’s a better-than-the-bank 8.3% gain. The others have done much better: Qantas [ASX: QAN] up 36.1%; JB Hi-Fi [ASX: JBH] up 20.5%; Toll Holdings [ASX: TOL] up 25.3%; and Myer Holdings [ASX: MYR] up 37.1%. The benchmark S&P/ASX 200 index rose 27.1 points to trade at 4,977.3 by 2310 GMT. It fell 0.8 percent on Tuesday, its lowest close since February 7.