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

To: AuBug who wrote (14492)	11/25/2005 1:44:56 PM
From: Rocket Red	Respond to of 37387

I guess will see what happens next week

To: AuBug who wrote (14492)	12/13/2005 11:34:07 AM
From: Crossy	Read Replies (3) \| Respond to of 37387

re: PXP.V - Pitchstone Exploration - C$0.94 www.pitchstone.net PXP.V (Pitchstone Exploration) C$0.94 - is another cheap Uranium stock with a proven track record (!) They got their 200.000ha properties in Athabasca and Honrnby basins years ago as a very active private firm snatching up assets cheap.. now they came public but the IPO doesn't seem to be well-known. However this is not a fly-by night company formed overnite to "exploit" the uranium bonanza of 2005 but a credible company that has been around for years as a private entity.. SXR/Aflease has an option-in agreement with them on their Waterfound property.. groundwork now ongoing.. this was a relatively new IPO but the company isn't new or a repackaged gold play.. Geo people seem to be credible.. What's missing is a dazzling presentation. Marketcap around $14m USD - which is a good level.. this is high enough to minimize dilution if they want to embark on a $1-2m drilling program annually.. if marketcap were any less, dilution would be a problem. $10m is probably the minimum critical mass necessary. Their option agreement (SXR/Aflease optioning in) also helps them. Note that they retain 50% interest with Aflease/SXR - they clearly made a better deal than JNN.V did years ago with IUC.TO (JNN only retained 25%).. Looks like a recent article in Canada's "Globe & Mail" is responsible for the stock taking off recently stockhouse.ca. Note that this is a relatively new IPO - it'S only been trading for some weeks now. It escaped many ardent Uranium watchers, including myself. Well, after I realized that Haywood and their top analyst team, including Jim Mustard are providing research and underwriting coverage, I was pretty much convinced.. all the best CROSSY