Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: oldirtybastard who wrote (53409)	9/16/2004 12:42:14 PM
From: Taikun	Read Replies (1) of 74559

The market is a little bubbly, shall we say. Laramide does not even have permits to drill in Queensland, Australia on the Westmoreland site they purchased. A company representative who told one of us who asked said they have a plan to figure that out-but otherwise were mum. My uranium portfolio is up 30% in the last week, and shows no sign of abating, but I know it will. I think that Dines is stocking the market now. Unless he has inside info, LAM could easily be shut down by the Auzzie anti-uranium gov't. I owned LAM, and made a bunch of cash, but took my profits because of this. Overall I prefer the Canadians. Higher purity, less opposition. The area where uranium was discovered yesterday by IUC is good grade. JNN and NCR have properties adjacent. NCR is up 400% today-but they are not as far along as IUC on their property and neither is JNN!! ASX/NWT/FRG all had a run the last day on a pretty low grade uranium find that somehow the TSX-V allowed to be called 'High Grade' in a NR. Buyer beware!!

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