MEGA URANIUM LIMITED: Set to go higher?
Sunday, February 18, 2007 at 7:21AM
Uranium Stocks in Uranium Mining Stocks
meg1

Uranium-stocks investment in Mega Uranium is doing really well and has quickly become one of the hottest uranium stocks in our portfolio, as we can see from the chart below:

Chart:

mega17feb07

Some of the cash that we recently took out of Laramide went into Mega as we took the view that Laramide was a little overbought and we also needed to do a little re-balancing of our portfolio. Every now and again you need to stand back and look at just where your exposure to the market lies. It can be surprising how much you have put into one stock when the acquisitive opportunity presents itself. This of course, may not be applicable to you.

An extract from the TSX shows the news flow from Mega, ten events in just over one month clearly demonstrates that the management team mean business, that they are pro-active with good results right there on the table.

The list below shows such activities as: exploration in Australia, incentives for directors, acquisitions in Queensland and exploration in Mongolia, financing, development studies and first quarter results. As investors this is all music to our ears.

1: Mega Fast Tracks Lake Maitland Development Studies
CCNMatthews, February 15, 2007 10:16 AM

2: Mega Uranium Ltd. Releases Unaudited Results for the First Quarter Ended December 31, 2006
CCNMatthews, February 14, 2007 11:18 AM

3: Mega Uranium Announces Closing of Twenty-Seven Capital Acquisition
CCNMatthews, February 13, 2007 07:00 AM

4: Mega Uranium Announces Update for Twenty-Seven Capital Acquisition
CCNMatthews, February 8, 2007 04:02 PM

5: Mega Uranium Announces C$30,627,000 "Bought Deal" Financing
CCNMatthews, February 6, 2007 04:25 PM

6: Mega and Red Hill to Commence 2007 Mongolian Uranium Exploration Programs
CCNMatthews, January 29, 2007 10:07 AM

7: Mega Provides Update on Twenty-Seven Capital Corp. Acquisition
CCNMatthews, January 25, 2007 10:22 AM

8: Mega Acquires Oasis Advanced Uranium Project Midway Between Its Ben Lomond and Georgetown Projects in Queensland, Australia
CCNMatthews, January 24, 2007 09:34 AM

9: Mega Uranium Grants Options to Directors and Officers
CCNMatthews, January 17, 2007 02:23 PM

10: Mega Obtains Native Title Approval to Conduct Exploration in the Vicinity of Rio Tinto Ltd's Kintyre Uranium Resource in Western Australia
CCNMatthews, January 10, 2007 10:42 AM






We will keep Mega on the buy list and accumulate as more cash becomes available. In two years from now we will look back and wonder why Mega was so cheap!

Mega Uranium trades on the TSX under the symbol of MGA.

17 February 07
Article originally appeared on Uranium Stocks (http://www.uranium-stocks.net/).
See website for complete article licensing information.