It turns out they are, just not in Australia. The ABARE numbers measure exploration spending within Australia. But many Australian-listed firms are looking for gold and uranium in other places, especially in Africa. They’re doing so because production costs are lower there, even if political risk is higher (although in some places, it’s more than acceptable for the projects on offer).
November 20th, 2009 | Dan Denning | 0 comments | ContinuedAll Posts Tagged With: "uranium"
$2,000 Gold Prediction
The weekend edition of the Australian Financial Review has gold on the cover, incidentally. You can see a picture of it a few paragraphs down. Underneath the giant golden letters it reads, “Why you shouldn’t laugh about gold hitting $US2000 an oz.” But if anyone’s laughing, it’s a nervous laughter.
November 16th, 2009 | Dan Denning | 8 comments | Continued
Debt and Deficits Do Matter
We are told that for example debt doesn’t matter because if a company takes out a certain level of debt, say a very low level of say 10% debt to equity, that’s irrelevant to the company’s value because the person buying shares in that company can take out 90% debt to equity ratio.
September 9th, 2009 | Dan Denning | 2 comments | Continued
Good Month for Aussie Stocks, While U.S. Stocks Fell to Close the Quarter
Over in the U.S. stocks fell to close the quarter. Oil fell too. In fact the August futures contract fell by 2.3% back under $70. The culprit, according to news reports, was the rather weak June consumer confidence number published by the U.S. Conference Board.
July 1st, 2009 | Dan Denning | 0 comments | Continued
Uranium: A Carbon-friendly Substitute for Coal
You don’t have to worry about a uranium supply glut quite yet, though. It’s a subject we’ve been covering over at Diggers and Drillers. There are other, smaller ore bodies that could enter into production if the uranium industry ever gets off the ground in Queensland.
May 22nd, 2009 | Dan Denning | 4 comments | Continued
Rule Scrapped: Banks to Value Assets Using Mark-to-Market
Banks and others have complained that this rule distorts the price of assets for which there is currently no market, or which the banks intend to hold to maturity (meaning the current price is largely irrelevant). It’s a clever argument.
April 6th, 2009 | Dan Denning | 19 comments | Continued
Uranium Shares To Show Gains in Face of $120 Oil
Perhaps the massive blow-up and run-down in uranium shares last year has left your memory. Uranium producers have certainly not been popular of late. There are two uranium companies whose fortunes could be about to change. But to understand why, you should know the full story of uranium. The uranium price from last year reminds us a bit of when Jack tossed those magic beans out the kitchen window. Zip. Pretty soon a massive growth had burst out of nowhere.
May 7th, 2008 | Gabriel Andre | 2 comments | Continued