This is from http://stocksthatpay.com/?p=9265
I mean is this for real? Can a house wife of man convicted by the SEC be that good of a stock picker? Only time will tell.
Sunday, November 28, 2010
Friday, November 5, 2010
Speculative bet on uranium mining in Czech Republic
I read in today's paper about the mining town and nuclear industry in the Czech Republic.
http://www.nytimes.com/2010/11/05/business/global/05uranium.html?_r=1&scp=1&sq=czech%20uranium&st=cse
Uranium production in the former Czechoslovakia peaked at about 3,000 tons annually during the 1960s, but the Czech Republic currently produces about 300 tons a year. That represents less than half of the country’s current needs.
Dont know what type of tons they are referring to but it would come out to around 600,000 lbs presently with the potential of 6,000,000 lbs per year. Currently, the price of uranium is around $50 per pound so the revenue from uranium could be between $30 to $300 million dollars.
The 'Times goes on to say:
Sensing the potential, an Australian and Czech joint venture called Urania resubmitted applications this year to explore sites near Straz, including at least one site that would be suitable for chemical mining, which is how the current toxic waste pool was created.
Doing some legwork, the Australian firm in question is called Uran Limited and trades on the Australian exchange. A very cheap option on the future of nuclear power in Eastern Europe.
Go to their site to learn more: http://www.uranlimited.com.au/
Or consider another cheap miner involved in Slovakia (where I read on Bloomberg's ticker that it strives to be the Singapore of Eastern Europe): Tournigan Energy, http://www.tournigan.com/s/home.asp
The stock used to be $3 and now about $0.20. They have real resources, but will they be exploited? That's why they are a bet on the future and where a guy can get ahead.
http://www.nytimes.com/2010/11/05/business/global/05uranium.html?_r=1&scp=1&sq=czech%20uranium&st=cse
Uranium production in the former Czechoslovakia peaked at about 3,000 tons annually during the 1960s, but the Czech Republic currently produces about 300 tons a year. That represents less than half of the country’s current needs.
Dont know what type of tons they are referring to but it would come out to around 600,000 lbs presently with the potential of 6,000,000 lbs per year. Currently, the price of uranium is around $50 per pound so the revenue from uranium could be between $30 to $300 million dollars.
The 'Times goes on to say:
Sensing the potential, an Australian and Czech joint venture called Urania resubmitted applications this year to explore sites near Straz, including at least one site that would be suitable for chemical mining, which is how the current toxic waste pool was created.
Doing some legwork, the Australian firm in question is called Uran Limited and trades on the Australian exchange. A very cheap option on the future of nuclear power in Eastern Europe.
Go to their site to learn more: http://www.uranlimited.com.au/
Or consider another cheap miner involved in Slovakia (where I read on Bloomberg's ticker that it strives to be the Singapore of Eastern Europe): Tournigan Energy, http://www.tournigan.com/s/home.asp
The stock used to be $3 and now about $0.20. They have real resources, but will they be exploited? That's why they are a bet on the future and where a guy can get ahead.
Wednesday, November 3, 2010
Stocks involved in Uganda's Resources
So far I have only found four stocks that are invested in Uganda and actively looking for more!
Is this the "one eye in the kingdom of the blind" that James Dines keeps referring to when he finds his big winners?
1) IBI,www.ibinvest.com
2) Gulf Industries, http://gulfindustrials.com.au/
3) Vangold Resources, http://www.vangold.ca/s/Home.asp
4) Goodwin PLC, http://www.goodwinplc.com/
5) Magnus Minerals, http://www.magnusresources.com/index.php
Is this the "one eye in the kingdom of the blind" that James Dines keeps referring to when he finds his big winners?
1) IBI,www.ibinvest.com
2) Gulf Industries, http://gulfindustrials.com.au/
3) Vangold Resources, http://www.vangold.ca/s/Home.asp
4) Goodwin PLC, http://www.goodwinplc.com/
5) Magnus Minerals, http://www.magnusresources.com/index.php
Monday, November 1, 2010
From CNN: Uganda, Gold, and the Refinery Business
http://www.cnn.com/2010/WORLD/africa/10/28/uganda.gold/index.html
For years, the only problem with Uganda's multi-million dollar gold export trade was that the vast majority of it came from foreign soil. Now, one Russian businessman is working to change that.
Until now, the majority of the gold exported by Uganda has come primarily from the Democratic Republic of Congo, a relationship heavily criticized by human rights groups who claim smuggled Congo gold is a "conflict mineral" that is funding the deadly civil war in the East African nation.
Yuri Bogoroditsky is the managing director of Victoria Gold Star, owners of the first ever gold refinery in Uganda. He says he wants to make Uganda a legitimate player in the gold industry -- buying the raw material, refining it, and exporting the finished product -- all from his Kampala refinery.
The $1.5 million refinery, opened in May of this year, can process up to 1.2 tons of raw gold per month -- nearly equaling the $35 million of gold Uganda exported in all of 2008, according to a government report.
Deep underground gold reserves were discovered in Uganda last year.
Bogoroditsky says that unlike in the Congo, where gold lies fairly close to the surface, Uganda will need investments in proper mining operations to reap the benefits of its own gold deposits -- investments that are starting to roll in.
"We already have several contracts with official miners here," Bogoroditsky told CNN. "And also we plan to establish the official connection with governments of surrounding East African countries."
Bogoroditsky and his investors chose Uganda's capital city because of its relative stability and its proximity to vast gold resources in nearby countries like Tanzania, Kenya and the Congo.
The refinery has already drawn buyers from the United States, United Kingdom and South Africa in recent months, and Bogoroditsky said he also planned to legally import the precious mineral.
Last month, the Congolese government -- which had previously signed a deal with Bogoroditsky's refinery -- banned gold mining from several eastern provinces due to the conflict there, effectively cutting off a large supply of the raw material to the young refinery.
"What we're doing from our side, we're not dealing with any rebels, we're not dealing with any smugglers of the gold," said Bogoroditsky. "Even the presence of the factory here is a big defense against the cheaters."
Bogoroditsky continues to maintain the legitimacy of his refinery's own product and stand by his goal of legitimizing the gold trade in general for Uganda -- a goal that, if attained, could put the country and the rest of East Africa on the map as a destination for gold buyers around the world.
"This is going to be a good thing for Uganda if transparency, accountability, is the guiding principal," said Ibrahim Kasita, business editor of New Vision newspaper in Kampala.
"Once everyone knows where this gold is coming from, once everyone is involved, once everyone is allowed to participate, I think it's a good business for Uganda, Ugandans and the government," said Kasita.
For years, the only problem with Uganda's multi-million dollar gold export trade was that the vast majority of it came from foreign soil. Now, one Russian businessman is working to change that.
Until now, the majority of the gold exported by Uganda has come primarily from the Democratic Republic of Congo, a relationship heavily criticized by human rights groups who claim smuggled Congo gold is a "conflict mineral" that is funding the deadly civil war in the East African nation.
Yuri Bogoroditsky is the managing director of Victoria Gold Star, owners of the first ever gold refinery in Uganda. He says he wants to make Uganda a legitimate player in the gold industry -- buying the raw material, refining it, and exporting the finished product -- all from his Kampala refinery.
The $1.5 million refinery, opened in May of this year, can process up to 1.2 tons of raw gold per month -- nearly equaling the $35 million of gold Uganda exported in all of 2008, according to a government report.
Deep underground gold reserves were discovered in Uganda last year.
Bogoroditsky says that unlike in the Congo, where gold lies fairly close to the surface, Uganda will need investments in proper mining operations to reap the benefits of its own gold deposits -- investments that are starting to roll in.
"We already have several contracts with official miners here," Bogoroditsky told CNN. "And also we plan to establish the official connection with governments of surrounding East African countries."
Bogoroditsky and his investors chose Uganda's capital city because of its relative stability and its proximity to vast gold resources in nearby countries like Tanzania, Kenya and the Congo.
The refinery has already drawn buyers from the United States, United Kingdom and South Africa in recent months, and Bogoroditsky said he also planned to legally import the precious mineral.
Last month, the Congolese government -- which had previously signed a deal with Bogoroditsky's refinery -- banned gold mining from several eastern provinces due to the conflict there, effectively cutting off a large supply of the raw material to the young refinery.
"What we're doing from our side, we're not dealing with any rebels, we're not dealing with any smugglers of the gold," said Bogoroditsky. "Even the presence of the factory here is a big defense against the cheaters."
Bogoroditsky continues to maintain the legitimacy of his refinery's own product and stand by his goal of legitimizing the gold trade in general for Uganda -- a goal that, if attained, could put the country and the rest of East Africa on the map as a destination for gold buyers around the world.
"This is going to be a good thing for Uganda if transparency, accountability, is the guiding principal," said Ibrahim Kasita, business editor of New Vision newspaper in Kampala.
"Once everyone knows where this gold is coming from, once everyone is involved, once everyone is allowed to participate, I think it's a good business for Uganda, Ugandans and the government," said Kasita.
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