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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Slagle who wrote (4066)	2/7/2006 8:10:45 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217749

Slagle, I knew about Cameco and Cogema sales. They amount to 25+%. The original free float of ERA was very little. When I first bought back in 2004, my buy accounted for most of the day's trade. Also, I believe it important to note that Rio Tinto is holding on to its 68.39% shareholding in ERA. I got the gist of what is happening by a pal who attended its pre-Christmas HK "roadshow" which was not to seek capital but to be more visible. The company will be mined out by 2008, and is mostly spending its time processing already stockpiled ore. The company hopes to entice the locals on its new claim to allow exploitation of rich reserves. The locals are gradually but surely being 'convinced', and will be fully convinced as soon as the company's existing mine shuts down for good. I also believe Australia and China will ink the necessary papers that will allow Aussie uranium to fuel China reactors, and I trust China has ambitious nuke reactor plans. The wager is what I would consider a no-brainer, to accumulate more during dips, and to not sell until well past the last drop of oil is pumped out of the ground. We buy stuff like uranium and oil sands not for ourselves, but for the next generation ;0) I would not try to nickle and dime the buy order and miss the big tapestry that is rightfully ours :0)