Antinuclear

Australia’s uranium industry – not much appeal for investors

A quick trawl through the uranium listed companies reveals that many have gone very quiet.

All quiet on the uranium front The Australian  September 23, ANYONE else think the uranium sector has gone – if not deathly quiet – then pretty damned subdued? This morning UraniumSA announced a tripling of its uranium inferred resource at Mullaquana (south of Whyalla) to 10,400 tonnes of U3O8. Making it one of the more important emerging projects in Australia.

How often do you see a company triple its reserves? Yet this news was met with a yawn, and by midday only 985,000 shares had been traded and the stock rose just 1.79 per cent to 28.5c. ………Poor old Berkeley Resources didn’t even do that well. It announced upgraded uranium resources at its Spanish ground this morning – only to see 2.6 per cent knocked off the share price for its trouble..

.A quick trawl through the uranium listed companies reveals that many have gone very quiet. A pattern emerges of a sector where a large number of companies have done little over the past month or two other than issued the basic statutory notices.There’s not much for a uranium investor to get their teeth into at the moment.

September 24, 2010 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, business, uranium | antinuclear, Australia, nuclear costs, uranium