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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (9515)	5/10/2005 6:33:53 PM
From: Taikun	Respond to of 37387

Crossy, It is a little risky, but so are all U plays, because of the approvals process. I would bet on Jabiluka going through. When I contacted ERA, the company has said they expect it will go through and the company's press releases and annual reports talk of reaching a favorable agreement with the aboriginal land holders. As far as the Australian gov't is concerned, while there are unofficial bans in some states, this hasn't stopped companies like LAM.V getting decent valuations, so I agree that the market should not discount Jabiluka too much. I think that as the U price increases and Australia realizes it is short on oil, the story will just get better. I had a great ride on ERA from $4 to $12 but am out now, as I think the AFLUY story is better. I will say, though, that I think ERA has some pretty high grade uranium there in Jabiluka. They will have to figure out something over the next few years as Ranger is reaching the end of its economic life. D

To: Crossy who wrote (9515)	5/10/2005 9:49:01 PM
From: Taikun	Respond to of 37387

Crossy, Any thoughts on Uranium Participation Corp's IPO? denisonmines.com sedar.com This will be a company set up to hold physical Uranium. $5/share IPO, min 12m max 16m units. Expenses: manager fee $400,000 + 0.3% of assets over $100m + 0.2% of assets over $200m + 1.5% commission on uranium purchases/sales. Including storage fees, insurance and the above manager fees annually approx 1.35m is expected as expenses, slightly higher if the fund is over $100m in size. If hedgies long physical and short shares, as they've done with gold and other commodities, it might produce weakness in shares, in which case it could behoove the uranium investor to hold Uranium Participation Corp in their uranium holdings. D