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Gold/Mining/Energy : Uranium Stocks

URNM 56.58

+0.1%

Dec 24 4:00 PM EST

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From: TheSlowLane	4/12/2007 10:47:23 AM
	Read Replies (2) of 30237

There are some interesting cautionary notes in the latest StockInterview article: "Soaring yellowcake prices have accelerated a greater number of uranium juniors rolling off the assembly line. As fast as stock promoters can revive old shells, joint venture a more serious uranium company’s castaway property into the re-named shell, and then wheel a former ‘big name’ out of retirement (or a nursing home), the company will announce they are in the ‘hunt’ for uranium. Nearly all are mining the stock market – that means you, specifically the investor. Very few, probably less than 10 percent, have any realistic chance of ever putting a shovel to the ground and coming up with uranium ore. Fewer still are likely to intersect sufficiently economic delineation holes which might someday become a uranium mine. While we won’t name any names, we are particularly amused by some efforts. We reward 90 percent of those companies contacting us by hitting delete on their ‘story pitches’ for editorial coverage. Some of the newer schemes involve the more experienced uranium juniors who pawned off some of their bad real estate to the naïve newcomers, which in turn hope to milk the less experienced uranium investors."

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