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Gold/Mining/Energy : Canadian blue chips

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To: re3 who wrote (12)	5/18/1999 10:50:00 AM
From: SofaSpud	Read Replies (1) of 36

Maxx99 / bonds / cco I've got a deal with my broker. I pay 40 cents on bonds. Now, you have to know whether the original price they quote you makes sense, or you could get screwed on the .40 -- I try to keep track of yields and spreads, so if the all-in price they quote me ends up being Canadas +10 bp for a Newfie, they're probably trying to screw me. Guess it depends on your relationship. No question, I have been done over good on occasion, too. I had a broker try to sell me HARD on the last (?) Cameco equity issue a couple of years ago. I did some homework, and couldn't wrap my head around future growth in uranium demand given: (1) the absence of new reactor construction, and (2) the conversion of Soviet weapons into reactor fuel. That was in the context of a pretty sizeable inventory at the time. I don't know if it was just good luck that I passed at the time, as it was priced around $50 IIRC. What did I miss? Or has the uranium market balanced out since then?

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