Nuclear Uncertainty Causes Uranium Production Pullback The Bedford Report Provides Investment Research on Denison Mines & First Uranium 16 June NEW YORK, NY–(Marketwire – Jun 15, 2011) – Uranium spot prices are facing downward pressure this month amidst uncertainty regarding global nuclear demand. These consumption worries have led several uranium explorers to slash production estimates going forward. The Bedford Report examines the outlook for companies in the Uranium Sector and provides equity research on Denison Mines Corporation (NYSE Amex: DNN) (TSX: DML) and First Uranium Corporation (TSX: FIU)…….http://www.marketwire.com/press-release/nuclear-uncertainty-causes-uranium-production-pullback-nyse-amex-dnn-1526989.htm
Archive for the ‘First Uranium’ Category
Uranium companies’ woes
July 9, 2011Paladin reacts to share price drop, SMH, June 10, 2011 Uranium miner Paladin Energy Ltd has sought to dampen market rumours about the company’s financing arrangements, a potential capital raising and a potential sale by Newmont Mining of its 6.71 per cent stake in Paladin.
Paladin issued a statement on Friday to clarify its position, after the company’s shares came under “considerable selling pressure” for two days……http://news.smh.com.au/breaking-news-business/paladin-reacts-to-share-price-drop-20110610-1fvoe.html
EYE ON EQUITIES
Analyst urges caution as First Uranium dips to all-time lows, DARCY KEITH Globe and Mail Update Jun. 09, Shares in First Uranium Corp. (FIU-T0.56-0.02-3.45%) remain snuggled close to all-time lows after getting smacked Wednesday in response to weaker than expected fourth-quarter results. A resurgence in negative sentiment toward uranium producers after the Japanese nuclear crisis hasn’t helped matters.
Raymond James Ltd. analyst Bart Jaworski thinks investors may be wise backing away from the stock for the time being…..http://www.theglobeandmail.com/globe-investor/investment-ideas/features/eye-on-equities/analyst-urges-caution-as-first-uranium-dips-to-all-time-lows/article2053830/
Losses to uranium company
February 17, 2010First Uranium posts Q3 loss on higher costs, forex loss Feb 16 (Reuters) - First Uranium Corp (FIU.TO) posted a quarterly loss, hurt by higher corporate expenses and a $7.4 million foreign currency loss.
For the third quarter ended Dec. 31, the company reported loss of $14.4 million, or 9 cents a share, compared with a profit of $1.3 million, or 1 cent a share, a year ago……… In January, South African authorities withdrew environmental authorization for a new tailings storage facility at First Uranium’s key Mine Waste Solutions tailings recovery project.
UPDATE 1-First Uranium posts Q3 loss on higher costs, forex loss | Reuters
Uranium mining company broke environmental law
February 12, 2010Business Report – Web: State finds First Uranium broke the law February 8, 2010By Asha Speckman First Uranium’s application for an environmental authorisation licence was withdrawn because it had contravened law and begun development of its minewaste tailings processing facility at its Ezulwini mine near Potchefstroom without proper approval. (more…)
