Strathmore Resources - SMR - A uranium play Message Board

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Gold/Mining/Energy : Strathmore Resources - SMR - A uranium play

SMR 44.87

+6.2%

Oct 31 9:30 AM EST

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To: Mr Metals who wrote (142)	1/16/1999 10:08:00 AM
From: Dan P	Read Replies (1) of 162

As a Strathmore shareholder, I would like to direct your attention to some interesting developments. Spot U3O8 uranium prices rose by .50 for the week ending Jan 4, and Cis spot prices rose .40. This is the first time in a long while that Uranium prices have stabilized, and actually rose. Of interest is the recent move up in Cameco, following a long decline and recent consolidation period. As I am sure most of you know, CCO-T (or CCJ-NYSE) is the North American uranium industry equivalent of a Barrick or Newmont. Technically, CCO has moved up through multiple moving averages, and looks poised to resume an uptrend. This bodes well for the juniors as well, and there are very few of those to choose from. SMR is a solid choice, among others. According to USEG, another US listed Uranium company, the tone in the market has changed from bearish to bullish,and much more Uranium is now being purchased on the spot market. Regards Dan

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