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« Crosshair Exploration & Mining Corp: Up 10.0% today | Main | Crosshair Exploration & Mining Corp: Up 63% in 2 months »
Monday
Nov272006

Uranium-stocks: Portfolio Update 26 Nov 06

The webs only free portfolio of uranium stocks provides a quick update of our uranium investments to date.

The following is a list of our uranium stocks and our current strategy for investment:

Cameco Corporation – Reduce/Sell.
The Cigar Lake water problems were disappointing; we need to see a rapid response to this situation plus sufficient active management action to kick-start the stock out of its lethargic state. Until then we will not buy this one.

Rampart Ventures Limited – Watch
RPT is currently trading at $0.325 on thin volume, remains on the Watch List.

Uranium Participation Limited – Buy.
U is currently trading at $12.74 and has made great progress since we bought at $11.97. We will continue to accumulate.

Strateco resources Inc – Watch
RSC is currently trading at $2.19 with 6 million shares traded on Friday. We have been watching this one for some time but have not made an investment. However the volume has shown some large surges in trading so maybe someone knows a little more than we do. Strateco has had some coverage lately, which has boosted the price to some extent. If you have bought it already then sit tight and enjoy the ride. We have not made a purchase yet and we will continue to assess this company as a possible investment going forward.

Fronteer developments Group – Sell 50%/Hold.
We have doubled our investment on this stock and decided to take 50% of our money off the table. We will continue to watch for a suitable correction and buy a dip if we are fortunate to get another chance at lower levels. We still like this company very much indeed and will not be selling the other 50%.

Crosshair Exploration and Mining Corporation– Buy.
This stock is Up 63% in 5 weeks, which we are extremely pleased to report. However there may be some profit taking at this point so don’t be too surprised if it happens. We don’t think it will be big and it will most certainly be short lived, so hang on in there.

Laramide Resources Limited – Buy
LAM is currently trading at $8.00 and has made great progress since we bought at $5.78, a rise of 38%. We will continue to buy as this will be a top performer in this sector.

Energy Metals Corporation – Watch
At $9.72 EMC has done very well since we first wrote about it in September when it was trading around $5.70. The volume is fairly steady and this stock is now at an all time high. If you bought it then give yourself a pat on the back. It looks as though we have missed this one, for the moment!

Eagle Plains Resources – Buy
EPL is currently trading at $0.66 and making steady progress, we feel this stock is a little over looked at the moment but expect the steady progress to continue.

Mega Uranium Limited – Buy
MGA is currently trading at $5.96 up from the $3.94 that we paid for it (split adjusted) now showing a 50% rise. The volume has been very good with some days topping a million shares.

Rodinia Minerals Inc. – Watch
RM is trading at $0.83, not much movement from $0.80 when we first wrote about it on 15 August 2006. Watch and be careful with this one.

Thank you for your comments and constructive criticism we are always pleased to receive them and we know that our readership also enjoys your insights whether you agree with us or not, keep them coming!

As we wrote recently the important point here is to keep some of your funds in uranium stocks. We have noticed more and more analysts talking about the possibility of uranium moving up the $100.0 level, a level that we predicted months ago. We remain confident enough to stick with our revised target prediction of $200.0 per pound and it won’t take too long to reach this level.

Hang on in there, this amazing ride as only just begun.

We are continually researching new companies looking for investment opportunities and will publish this data when the timing looks good.

Good luck

27 November 2006

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Reader Comments (5)

I recently found this excellent website (congratulations!)

I picked up IUC.TO a couple of weeks ago on the basis that with DEN.TO will become an intermediate uranium miner which is alread producing in addition to developing.

I'd apreciate to hear comments about these 2 stocks.

Thanks

November 27, 2006 | Unregistered CommenterCarlos

Carlos,

Thank you very much for your kind words they are very much appreciated.

As you probably know we are a small group of investors who invest our own money into these stocks. we are making a few bucks and having some fun at the same time, the debates that go on in here are passionately fought.

We have none of our money in IUC at the moment but we will post what research we have shortly which may be of some use to you.

Please don't go too mad on any one particular stock as we do get it wrong from time to time.

November 28, 2006 | Unregistered CommenterBob

Nice job on this site! Also, thanks for sharing your portfolio/watchlist and comments. It's always interesting to see how others are approaching this market. Recently I've been shifting my weighting more towards near-term producers vs. explorers, with Strathmore Minerals and Energy Fuels getting the heaviest weighting. Laramide has been one I've been contemplating but have not acted on that yet. I like the Iron Bark group and did very well with Aquiline Resources, but missed Laramide (so far, anyway). I moderate a message board at Silicon Investor for uranium stocks. If you don't already have your hands full here, please come and join us!

http://www.siliconinvestor.com/subject.aspx?subjectid=18729

Best,

tsl

February 7, 2007 | Unregistered CommenterTheSlowLane

p.s. I added this site to the thread header at the SI message board, I hope you don't mind!

February 7, 2007 | Unregistered CommenterTheSlowLane

SI, thank you very much for posting one of our articles we are indeed very flattered. I will come and join you shortly but as you know the uranium stocks sector is just bursting with excitement. See soon, cheers, Bob

Yes yes we will update the portfolio shortly too!

February 8, 2007 | Unregistered CommenterBob

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