Energy

Jutia Group reports on the uranium stocks in the current markets.

Jutia Group reports on the uranium stocks in the current markets.

The market news is quoted as saying:

TER: You follow at least a couple of companies in your portfolio in the energy and mineral fields. One Australian name is Bannerman Resources Ltd. (TSX:BAN; ASX:BMN), which is a uranium explorer and developer with a big project in Namibia. How will the recent Chinese takeover offer impact the company’s prospects?

CA: We like Bannerman a lot. China has 26 nuclear power plants currently under construction. Russia, South Korea and India have another 21 under construction between them. As a result, they are all shopping for a stable supply of uranium. Namibia is one of the more stable uranium rich countries in which to go shopping, to keep all these new reactors fed. Namibia is home to the largest uranium mine in the world, the Rossing mine, owned by Rio Tinto and is the fourth largest uranium producer. Currently, the country only has two advanced-stage deposits. One is owned by Bannerman and is known as the Etango project. The other is owned by Extract Resources Ltd. (TSX:EXT; ASX:EXT). Both represent world-class deposits in terms of size.

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MARKETS

Markets
TSX19062.91+345.79
TSXV647.33+15.54
DOW31500.68+823.32
S&P 5003911.74+116.01
NASD11607.62+375.43
ASX6528.40+19.90

COMMODITIES

Commodities
Gold1838.64+7.63
Silver21.50+0.36
Copper3.78+0.03
Palladium1930.50+53.50
Platinum914.50+3.50
Oil107.21-0.41
Heating Oil4.18-0.06
Natural Gas6.10-0.12

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