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« Ur-Energy Inc: Up 16.0% in 6 days | Main | Laramide: Up 9.68% yesterday »

UraMin Inc: Sell

As there appears to be a lack of interest from rival bidders we have decided to sell today and lock in a small profit before the price falls any further.

We bought this uranium stock on 15th May 2007 for $6.72 and have held it for six weeks, selling today for $8.36. This gives us a profit of $1.64 per share or a gain of 19.6%. Bearing in mind the time frame of just over one month we are happy to bank these profits and return the cash to the sidelines until next opportunity presents itself.

It appears to us to be a gamble either way, UraMin Incorporated could find a rival bidder and the game would be back on but we will just have to content ourselves we what we have.

Good luck if you are staying with it.

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