Uranium

Is there an emerging bubble in Australia’s uranium stocks? Well, the flood of uranium explorer’s listing on the Australian Stock Exchange who aren’t even turning over a cent are seeing their stocks rise in price dramatically. But is it a sound investment fundamentally? Is the demand for uranium going to grow in future? That is the question a lot of people are asking since the growing demand for uranium will be tomorrow’s power supply. One of the barriers that nuclear energy has to overcome is that nuclear = bad because of the nuclear waste it leaves, hence no supply for uranium needed. John Borshoff, chief executive of Paladin a uranium stock said, "So we're looking at a paradigm shift here and that paradigm shift has happened at the speed it's happened because the nuclear reactor utilities were working behind the scenes." (Paladin Resources, which is up five-fold since this time last year and 50-fold in a couple of years.)