Cameco Corporation (NYSE: CCJ) has gained 4.32% since we made an investment in July. Reasonable but not great progress considering uranium’s progress recently.

We will continue to hold for the time being in the hope that the realization that uranium prices are going higher will sink in with the investment crowd and the value of Cameco assets should also be recognized.

As nuclear energy becomes more acceptable so will the value of uranium and eventually Cameco. For now we will hold and watch.

The future is still clear, it’s nuclear.

04 September 2006