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Gold/Mining/Energy : Uranium Stocks
URNM 55.98-1.1%Dec 26 4:00 PM EST
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To: lowerSharpnose who wrote (10346)4/15/2007 8:04:45 PM
From: AuBug  Read Replies (3) of 30243
 
I bow to your brilliance: "ps allegedly not aledgedly - it is picked up by the spell checker."

I'm not confused in the slightest and it's arrogant of you to accuse me of being confused. I'm realistic. Nobody knows how much uranium is being held at power plants. Do you? Do the tautsheet hypesters? The supply demand data published by DoE shows it in balance until 2011. Every uranium mine possible will be brought on stream in the next few years. Would the CEO of a utility pay billions to commit to a power plant if they didn't have years worth of fuel lined up? I believe the CEO of Duke said he would not commit to a new nuclear power plant due to lack of clarity in regulatory matters and he did not mention the lack of uranium fuel.

At present I own about 30% of the uranium stocks I used to own and am more likely to sell than buy at this time. The market is grossly overvaluing too many uranium E&P stocks and they do not represent good value now. After the serious correction I expect this summer I'll load up again.

Long term the price of uranium will stay high and will be very profitable for many companies that find good grades. The vast majority of uranium E&P stocks are just wildcatters or blowhards and they'll be worth less than 10% of their present prices. Separating the wheat from the chaff will separate the men from the boys in the coming months.
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