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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Lhn5 who wrote (47308)	3/31/2006 7:33:43 AM
From: rubbersoul	Respond to of 312813

RE: DJE "The late Tinsley news, the rec rumor, the rapid run, the pp...it all reminds me of CGE and NW not long ago, I was just lucky to be on the right side of this one. I agree with Rocket's ranges for tomorrow and also chasers from yesterday will be hurt tomorrow" DJE has more going for it than NW and CGE had. MUCH more. I recall Crossy even mentioning that Tinsley (though possibly a company maker) was going to feed their uranium ventures in Athabasca if successful. Though many were hyped over Tinsley, no one should be confused: Athabasca IS DJE's flagship play. Tinsley is not NW's Juliana. Also, unlike NW, which abandoned Juliana, DJE has not abandoned Tinsley. DJE still has Lavaca (10%) which was a success and will very likely see cash flow from the wells. They also have 20 million in cash and a new JV. I would not be surprised if they got into oil sands but it could be for natural gas. Also as I have mentioned before, who else has more knowledge and experience of the Athabasca region than DJE's Lloyd Clark? Never underestimate management when investing in uranium. I am convinced that the company HAD to raise money through the financings since they knew that Merit-1 was unsuccessful and that Tinsley would not finance their uranium program (at least at this time). So they were able to raise several millions around 1.50 for their Athabasca projects and new JV. Tinsley's first failed hole was a given to their clients, imo. 1.50 should be the floor and anything below that is a bargain. I am sure that those that sold all will hope it goes down to a $1 but that to me sounds unrealistic. If it does happen I will not shun the opportunity to buy back my original shares and ride DJE's next and MOST exciting wave this spring and summer. JH