Heh heh! Here's the way I see it...the dozens upon dozens of uranium hopefuls whose primary uranium resource consists of having "Uranium" somewhere in their company name are providing the necessary (if arguably unfortunate) service of separating suckers, er, people from their cash. Let's face it, there are participants in the stock market who probably shouldn't be and wouldn't be, if there were some kind of licence or competency test required. These people need to be fleeced as quickly as possible so they can become discouraged, leave the market and return to the time-honored tradition of building wealth through scratch tickets. I know, it sounds harsh, but it's really for the best.
The madness of crowds...it's an important concept to understand, I believe. Manias occur in financial markets with regularity, so it is critical to be able to recognize them and act accordingly (get in early, get out before the top). "Manias, Panics & Crashes" by Charles Kindelberger is useful in that regard.
Agree on Titan, although what their drilling has demonstrated to date is the degree of difficulty in locating a uranium deposit. They just closed about $9MM, I believe, so that should keep them drilling for some time. "Gusher" might just be the right term for deposits in the eastern part of the basin...<g> |
