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

To: russet who wrote (9154)	3/14/2007 5:02:58 PM
From: TheSlowLane	Read Replies (1) \| Respond to of 30334

Sprott got in very early so they have the luxury of owning almost everything in the sector and at a low cost-basis, too. I am not going to get too clever with my positions. UUL caught a nice bounce of 20% to close even with the 52 week high:

To: russet who wrote (9154)	3/18/2007 8:24:58 AM
From: TheSlowLane	Read Replies (3) \| Respond to of 30334

russet - Last night I watched the show with Mr. Tardiff when he appeared on ROBtv last Tuesday. He did not say a lot about uranium stocks, but was asked about Paladin. He commented that Paladin is the "go to" stock in the sector, the largest market cap (besides Cameco), unhedged company. He said that the company has done everything that it has promised it would do but they owned a lot of it at a dollar (presumably they are re-allocating). He said they like newer ones that are trying to build new projects. He also commented that over the next 3-4 years there are lots of reasons to be bullish. The uranium price could go to $200, it's so hard to know, there is "almost no price that is impossible." In the piece from Sprott that was published on 2/14/07, they share some of their thoughts on investment strategy for the sector: "We see that the opportunity for investment in the uranium sector will continue for the foreseeable future. In the past we had suggested that given the very small market capitalization of uranium vehicles, a strong case could be made for diversification across the spectrum ranging from producing companies, those with near-term production, and those focusing exclusively on exploration. Unlike 2006 where the majority of uranium focused equities delivered triple digit returns, 2007 looks to be more about picking your spots for exposure to the commodity rather than investing in a basket of names. In 2006 the uranium price appreciated in excess of 90% now sitting at $75/lbs, and though we believe that the underlying fundamentals for the commodity will continue to drive the uranium through $100/lbs we do not anticipate the same level of equity appreciation to the group as a whole as we did last year. Investing in uranium in 2007 will be about picking your spots".