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Gold/Mining/Energy : Uranium Stocks

URNM 63.27

+0.3%

Jan 9 4:00 PM EST

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From: Chuckles_Bee	3/14/2007 4:59:12 AM
	Read Replies (3) of 30293

"Overheated uranium could burn investors" theglobeandmail.com Call it a radioactive frenzy. Many believe uranium stocks are so full of speculative money that a serious sector correction is all but inevitable, including the head of high flying sxr Uranium One Inc., one of the boom's biggest beneficiaries. Hundreds of new companies exploring for uranium have sprung up over the last two years and, with the price of the metal used to fuel nuclear reactors doubling in 2006, most have had little trouble raising money in the stock market. Yet the upstarts, most of whom have nothing more than uranium "pounds in the ground" and little chance of getting into production any time soon, are poised for a day of reckoning, according to sxr chief executive officer Neal Froneman. "Some of the money that's being raised today is immoral. It's based on rubbish. That's bad for those that are in the industry for the long term," Mr. Froneman said in an interview. ....lots more to read, so go to the link. CB.

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