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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Rocket Red who wrote (5678)12/29/2006 9:26:39 PM
From: Gib Bogle  Read Replies (1) | Respond to of 30247
 
Do you buy stocks on the basis of the size of the company? If so, you wouldn't be interested in all the these junior miners. Of course you buy in the expectation of a good percentage increase in share price. If there is an Oz mining stock with a good prospect for increase in price, why not buy it? My best U stock so far is SMM.AX.



To: Rocket Red who wrote (5678)12/30/2006 11:08:38 AM
From: Tommaso  Read Replies (1) | Respond to of 30247
 
That question is a rhetorical question that does not really expect an answer, but is rather a comment on the intelligence of the person to whom the question is addressed. Nevertheless, for anyone else who might expect an answer, I will respond to it.

For one thing, ERA has a big open-pit uranium mine that is very productive. For another, diversification is not a bad policy, especially when you have a company whose major new project collapses and fills up with water. I own even more Cameco than I do ERA. But it is generally accepted policy that wise investment involves diversification.