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« UraMin Inc: Bid $7.75 from Areva | Main | UraMin Inc: Up another 3.79% - Enter the Dragon! »
Friday
Jun152007

Uranium-stocks: Quotes of the Week

An interesting quote from Paul Van Eeden who said that uranium was over valued by a factor of three and uranium stocks were over valued by a factor of thirty.

Paul was being interviewed on BNN, formally ROBtv a Canadian business television programme, on Wednesday 13th June 2007, just click here if you want to catch the whole interview.

As you know we are rather bullish here at uranium-stocks so Paul helps to balance the debate by being brave enough to state his views on national TV.

Please drop us a line and tell us what you think.

The second quote of this week can be found in the British newspaper ‘The Independent’ published on Thursday 14th June 2007, which lead with an article entitled: “A World Without Oil” and in the body of the article on the second page it says this:

“BP’s Statistical Review is the most widely used estimate of world oil reserves but as Dr Campbell points out it is only a summary of highly political estimates supplied by governments and oil companies.”

As Dr Campbell explains: “When I was the boss of an oil company I would never tell the truth. Its not part of the game.”

Pinnocchio cartoon

Dr Campbell is a former chief geologist and vice president at a number of oil companies including BP, Shell, Fina, Exxon and ChevronTexaco.

If we take the above as being wide spread then all of our analysis that is based on their data is suspect at best and absolutely useless at worst. So when you are pouring through this sort of data please bear in mind that it is what we don’t know that will affect the future and you will have to use your imagination and build those thoughts into your investment decisions.

If you have spotted a few good ones please feel free to send them in - Thanks.

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Reader Comments (4)

Here is a link to a September 2005 article describing a debate between James Dines and Paul Van Eeden about the future direction of the price of uranium at the Gold & Precious Metals Conference in Las Vegas. Dines was bullish. Van Eeden was apparently bearish and felt that enrichment would lessen demand. Uranium was $32lb then.

http://www.resourceinvestor.com/pebble.asp?relid=12723

June 15, 2007 | Unregistered CommenterJason

Paul Van Eeden is mostly bearish on metals not considered precious. I don't take that seriously.

June 16, 2007 | Unregistered CommenterGMiki

At least Paul is sticking to his bearish line. When he becomes bullish on uranium I'll start to worry >=)

June 16, 2007 | Unregistered Commentergtgerry

If you call for a correction often enough then sooner or later you will be right - like the old adage that even a broken clock will be right twice a day!

June 16, 2007 | Unregistered CommenterUranium Stocks

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