October 25, 2007 Spot price continues upward     Publisher: U3O8.biz     Author: Luke Brocki
	The spot price of uranium saw a $2-boost this week, according to industry indicators TradeTech and Ux Consulting. The spot price now sits at US$80 per pound U3O8. Analysts believe buyers and sellers have been testing the market waters all week and just a few days ago one transaction was posted at prices above last week's price---hence the spot price increase. TradeTech reported that sellers' expectations are now shifting after the recent spot price increases; the indicator said the price spread between what a willing buyer is willing to pay and what a willing seller will accept is now on the rise. The Resource World composite uranium stock index, an index based on the performance of nearly 100 uranium companies, fell 23.23 points Wednesday to 1,199.87. That's a slide of nearly two per cent, which again takes the index just below the 1,200-point threshold it's been flirting with all month, now that uranium spot prices are again showing some strength. The rising spot price is spelling good news for uranium producers. Cameco Corp., the world's largest publicly traded producer was up $2.16, or five per cent, to $45.99 in Tuesday's trading. It dropped slightly on Wednesday, closing at $45.61. Emerging player Bayswater gained nine cents, or 10.2 per cent Wednesday, closing at 97 cents. The company has recently released news of its second merger of 2007 and the latest in a flurry of deals that began in July. Analysts suggest Bayswater is a company to watch, given a recent all-stock deal with Northern Canadian Uranium and strong stock appreciation. Bayswater stock has gained nearly 50 cents, or more than 50 per cent, since August's doldrums. Vancouver-based junior explorer Xemplar Energy Corp. enjoyed the biggest rise on the TSX Wednesday, climbing 58 cents, or 17.6 per cent, to $3.88. This follows news that the company's common shares have just started trading on the Namibian Stock Exchange, thus giving Namibian retailers and institutions the opportunity to invest. Ultra Uranium Corp. gained six cents, or 16.9 per cent, to 41.5 cents, after announcing the completion of a survey at the company's Crackingstone and Orbit properties, just west of Uranium City, Saskatchewan. Vancouver-based explorer Bluerock Resources Ltd. continued its steady climb by gaining six cents, or 10.5 per cent, to 63 cents. The company's stock has appreciated nearly 50 per cent since late August. Bluerock has recently announced a new coal discovery and anomalous uranium mineralization in drill holes and trenches on its Khavtsal licence in Mongolia. Cooper Minerals Inc. also continued its ascent, gaining seven cents, or 12.7 per cent, to 62 cents. The company traded at 38 cents in late September. Finally, Tournigan Gold Corp. plummeted 52 cents, or 19 per cent, to $2.21, after announcing it expects changes for resource estimates at two mineral properties before the end of 2007. The company expects a reduction at its Kuriskova uranium deposit in Slovakia and an increase at its Curraghinalt gold deposit in Northern Ireland.
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