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Gold/Mining/Energy : Uranium Stocks
URNM 59.67+2.4%Dec 11 4:00 PM EST
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To: Condor who wrote (3529)10/27/2006 12:47:49 PM
From: smh  Read Replies (5) of 30213
 
C,

The Mineweb summary of Coxe's report is already once removed, so I'm not sure how much value further condensation has, however, I think Siempree states the bottom line well.

<Coxe is jumping on the bandwagon, sez everybody should own U jr. quality pure plays...>

Jumping on the bandwagon indeed! For someone so widely regarded as a great visionary, he is way late. Some time ago someone asked him a question, following his weekly radio address, about uranium. His answer was something like... I don't talk about uranium because it is such a politically charged subject.

I didn't get what he was talking about then and still don't. According to the article he recommended that “uranium should be a core holding for those who can live with the problem of political incorrectness.” Is he talking about the quickly disappearing environmentalist concerns with nuclear power? Does he think this is something investors may not be able to live with?

These kind of statements drive me nuts... “Cameco is the biggest uranium pure play, but its aggressive hedging strategies make it problematic.” What do people think the big producers should do - set up a roadside stand like they are selling vegetables - or maybe auction it off as it comes out of the ground?

SMH
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