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

To: gadge78 who wrote (10364)	4/15/2007 2:37:50 PM
From: energy_investor	Read Replies (1) \| Respond to of 30237

gadge, Nothing really earth shattering. Here's my perspective. The conference was, in my view, a bit too concerned with the past "glory days" notion of making gobs of money via finding incredibly undervalued juniors or via getting involved in the deals for junior financing BEFORE they go public, and not enough concerned with the situation today (ie, where we now have more producers and near producers etc). In one of the first panel sessions involving the investment analysts and Rick Rule, several respondents said they thought UR stocks were over priced and they were taking profits and moving on. (I believe they were thinking too much of the junior sector and weren't considering the other sectors. ) On the other hand, Doug Casey as well as the various UR mining company executives (most were very highly qualified geologists, by the way) thought that there is still a lot of money to be made because of basic UR fundamentals. I took the time to talk with these executives -- I was able to shake their hand and look them in the eye. I was incredibly impressed with what a really nice bunch of thoughtful, intelligent, decent guys they were. What they personally told me convinced me that I am on the right track. These guys saw an opportunity several years ago and put their own money and reputations on the line. This courage is only just beginning to bear fruit. I am a big believer in betting on good people and the folks I met there exceeded my every expectation. The bottom line for me is that it confirmed for me that I am on the right track with my investment strategy which is to focus on producers, near producers and advanced explorers and be very, very selective when it comes to juniors. Hope this is of interest. Cheers Energy_Investor