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« FRONTEER: from Hold to Buy | Main | Santoy Resources Ltd: A Jack-of-all-trades? »
Friday
Dec292006

Uranium-stocks: Portfolio Update 29 Dec 06


The Internet's 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 – Watch
We needed to see a rapid response to the Cigar Lake situation unfortunately there does appear to be a certain amount of difficulty in assessing the current position from an engineering standpoint. Until this problem is properly identified and scoped to a meaningful plan we will not buy this one.

Rampart Ventures Limited – Watch
RPT is currently trading at $0.350 up slightly from last month, remains on the Watch List.

Uranium Participation Limited – Buy.
U is currently trading at $12.18 and is up slightly since we bought at $11.97. We will continue to accumulate when we can as we see this stock reflecting the rise in uranium if not as exciting as some of the other more ‘cavalier’ uranium stock selections.

Strateco resources Inc – Watch
RSC is currently trading at $2.64. We have been watching this one for some time but have not made an investment. Strateco has risen dramatically over the last couple of months so you may wish to consider taking some money off the table with this one. We have not made a purchase but we will continue to assess this company as a possible investment going forward.

Fronteer developments Group – Hold/Buy.
We have doubled our investment on this stock and sold 50% of our stake taking some money off the table. We still like this company very much indeed and will not be selling the other 50%. We had hoped that this stock would have undergone a bigger correction than it has so far, however it is showing considerable strength in recovering back to a price of $9.05. We have not decided yet but we may buy back in as we are pleased to see FRG holding up so well.

Crosshair Exploration and Mining Corporation– Buy.
CXX has experienced some profit taking and is currently trading at around $3.30. Some profit taking has taken place but this does not worry us so stick with it.

Laramide Resources Limited – Buy
LAM is currently trading at $7.85 and has made great progress since we bought at $5.78. We will continue to buy, as this will be a top performer in this sector.

Energy Metals Corporation – Watch
EMC was at $9.72 last month and is now at $8.89 but has still progressed very well since we first wrote about it in September when it was trading around $5.70. We do not own this one but just maybe an opportunistic entry level is about to appear. If you bought it earlier and still own it then we suggest that you hang on to it. We missed it previously which is a little disappointing for us, but as my Mum would say “Never mind, it’ll teach you to concentrate more in future”

Eagle Plains Resources – Buy
EPL was trading at $0.66 last month and has made progress to trade at $0.73 recently. Recognition is coming to this stock.

Mega Uranium Limited – Buy
MGA was trading at $5.96 last month and is now around $6.80 partly due to a 15% raise yesterday. MGA is one of our favourites, which we expect to star in 2007.

Rodinia Minerals Inc. – Watch
RM is trading at $0.83, last month and is now at $1.18 a pleasing advance from a sluggish start. RM was $0.80 when we first wrote about it on 15 August 2006. Watch and be careful with this one. We do not own it at the moment.

Santoy Resources Limited (new)
SAN is a new one for us although some of our readers have been singing its praise recently. We made a small investment at $0.71 and posted an article when it went to $0.81 so we will use the $0.81 for reporting purposes. It is around $0.90 as we write, up on heavy volume. Please read our article on Santoy as we have tried to explain our trepidation before making a small investment.

As always thank you for your comments and constructive criticism we are always pleased to receive them and we do try and cover some of your suggestions even though we cannot cover them all. Our readership also enjoys your insights whether you agree with us or not and it helps to police us.

We still remain confident enough to stick with our revised target prediction of $200.0 per pound for uranium with a possibility of it hitting $125.0 in 2007.

Hang on in there; next year will blow your socks off, excuse the pun.

As usual we will continue to research new companies looking for investment opportunities and will publish this data when the timing looks good.

Good luck

28 December 2006


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