Kontent Review: "But investors are eyeing pure uranium stocks. They include smaller miners and explorers such as Marathon Resources, Summit Resources, Toro Energy, Paladin Resources and Alliance Resources, whose share prices have sizzled in recent weeks. Toro, which listed on March 23, has risen 504% to about $1.30. Paladin has soared 509% over the past year to about $5.40.
Pure miners have tended to outdo explorers, because the real money is in extracting and selling the ore. But that hasn’t stopped dozens of minnows lining up to entice investors: Giralia is floating two in coming months: U308 and Gladiator Resources. Investors are queuing up; anything with uranium attached to it tends to be heavily oversubscribed.
Uranium’s return to global favour has vindicated a few doughty Australian pioneers, mostly hard-bitten geologists, who for decades have stayed the course, dismissed the militant green hysteria about global irradiation, and are now set to become very rich indeed.
Johnson is one of the hardiest of Australia’s uranium barons. The son of an iron-foundry worker, he is a tough, 58-year-old with degrees in geology and computer science. He invented the Maptek three-dimensional mine-planning software used by mining companies around the world. He is a founding director of Curnamona Energy, which has exploration rights over 4,300 square kilometres of the best uranium “paleo-valley sands” of South Australia. "
No comments:
Post a Comment