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« Uranerz Energy Corporation: Close to a Buy! | Main | Fronteer Development: Finds High Grade Uranium »
Friday
Jul062007

Uranium-stocks: Portfolio Update 06 July 2007

An interesting few weeks despite the market being relatively flat with two uranium stocks being sold and no new ones added to the portfolio.

Uranium Chart 06jul07

Below we list the uranium stocks that we have an interest in or are watching with the view to making a future investment. We are also looking for the occasional trading opportunity as we are small enough and should be nimble enough to move in and out of a particular stock quickly. This is difficult for the big players who own big positions in their favourite uranium stocks as the thin liquidity of some stocks does not allow them to sell a large position at the push of a button. But that is no excuse for us, so going forward we will suggest from time to time one or two short term trading moves.

Cameco Corporation – Watch
Despite their problems Cameco continues to edge forward but now trade at $52.38 down from $55.09 on TSE.

RPT Uranium Corp – Watch.
We bought RPT on the 19th February 2007 for $0.42 and sold it for $0.62 on the 13th June 2007 for a profit of 47.6% in 4 months. We still like this stock and hope to buy it again at a later date when it does not look as overbought as it is now. This is a small company with a market capitalisation of $50 million.

Uranium Participation Limited – Buy
U is currently trading at $14.26 Canadian and is up 19.23% since we bought at $11.97 on 21 November 2006. This stock looks to us to be the bargain of the silly season as it is now trading at a discount to its NAV. We will continue to hold, as it offers direct exposure to uranium without the risks inherent in mining.

Strateco Resources Inc – Watch
RSC is currently trading at $2.35 down from $3.23, which brings this stock down to what it was trading at towards the end of 2006. The cheaper entry level that we had hoped for now appears to be getting closer. We will review this stock shortly and publish what we think – watch this space!

Fronteer Developments Group – Buy
Fronteer is currently trading at US$12.30. Our original purchase was made on the 15 July 2006 at around the $4.70 level so that is showing a gain of 161%. As you may recall we sold 50% at $9.29 and bought back in at a cheaper level of $8.33, which is now showing a profit of 47.65%. We are still quietly confident that it can double in value in 12 months or less.

Crosshair Exploration and Mining Corporation– Neutral.
Having taken a small profit we continue to watch CXX. The stock is trading at $2.80 Canadian and we are still neutral at the moment, as it is going sideways. Listing on the AMEX should give this stock more exposure but since hitting a high of $4.0 in December it has struggled to stay above $3.0. Not for us at the moment.

Laramide Resources Limited – Buy
Having recently traded at $14.73 this stock has now dropped to $10.11. We bought at $5.78 on the 28 July 2006 so we are still showing a gain of around 77%. When we were sitting on a paper profit of around 80% we sold half in order to buy other uranium stocks, as we needed a bigger spread of stocks. (See the recent review of Laramide)

Energy Metals Corporation – Watch
EMC is now trading at $15.13 down from $17.71 having suffered a little in the recent sell off. We first wrote about it in September when it was trading around $5.70. We missed the boat completely with this one – that’s life.

Eagle Plains Resources – Buy
EPL was trading at $0.71 in the last update and is currently trading at $0.89, for a nice gain. We still hold the belief that EPL will be issuing good news on the results front this year so we will hold tight.

Mega Uranium Limited – Buy
We bought MEGA at around $4.0 on 27 July 2006. MGA is now trading at $5.57 for a gain of 39%. MGA has taken a battering during the recent sell off, please see our recent review of Mega Uranium.

Rodinia Minerals Inc. – Watch
RM was $0.80 when we first wrote about it on 15 August 2006 and is currently trading at $0.81 so its back to square one. The volume is still tiny as you might expect from a company with a market capitalisation of $18.0 million.

Santoy Resources Limited – Sold, but now on Watch List
Santoy was doing very well up from $0.81 that we paid on 27 December 2006 to trade at $1.53 at the time of the last update. However having decided to sell three of its projects to Mega for 400,000 common shares in Mega we decided to sell. We sold on 23 April 2007 at $1.39 for a profit of 70% in 4 months. Santoy now trades at $0.75 having suffered a severe decline of some 50%. We will need to review this one also as this could be a reasonable re-entry point.

Khan Resources Ltd - Buy
We bought Khan on the 5th March at $3.63 and it is now trading at $4.09 for a gain of 12.6%. Khan got off to a great start but has also suffered in the sell off. However this stock may have started to form a base so it now looks to be a really good buy at the moment.

Aurora Energy Resources - Buy
We bought Aurora on the 5th March 2007 at $14.17 and it is now trading at $16.59 for a gain of 17% as we write, a victim of the market shake out, it dropped shortly after we bought it then ran up to the $20 level before pulling back. No doubt the indigestion will continue.

Strathmore Mineral Corporation - Buy
We bought Strathmore on the 14th April 2007 at $4.96 and it is currently trading at $4.13 for a small loss as we write. In fact it has dropped back to its early February price level so we will watch it closely and may just buy some more. We think the stock will do better when they spin off the non-core assets into Fission Energy.

Ur-Energy - Buy
We bought Ur-Energy on the 23rd April 2007 at $4.75 and it is presently trading at $4.40 for a loss of 6% as we write. Expect the bumpy ride to continue for this one.

UraMin Incorporated – Subject to a take over bid by AREVA
We bought UraMin on the 15th May 2007 at $6.72 and sold it for $8.36 on the 22nd June 2007 for a gain of 24.4% in 6 weeks.

Uranium:
We are sticking with our target prediction of $200.00 per pound for uranium despite a drop in price of a few dollars recently. Don’t be put off if we haven’t mentioned your favourite stock we do get it wrong now and again as evidenced reading our updates we have missed some good ones. We can’t win them all but we will try and win most them, as it is our money that is on the block every time we make an investment.

Please do get involved and add your comments to any of our articles whether you agree with us or not as this will add balance to what we say and be of benefit to everyone. No, you can’t use naughty words.

The merchants of Spam are now being blocked thanks to our IT expert, Dan Chubb of Dansway Communications who has now installed a number of protective measures on the Forum, which should prevent any unwanted Spam. Please accept our apologies if you were unfortunate enough to visit the site when this nonsense was present. Please feel free if you haven’t joined to sign up and get involved with some of the debates. If there is a subject or uranium stock that you want to discuss then please start a new thread and we will follow with our comments.

Many thanks to all of you who have signed up for our newsletter; we hope that you are enjoying it. We now have 2669 subscribers up from 2380 subscribers last month, which include a number of stockbrokers, banks and financial institutions.

We have been inundated with requests for individual advice, which we are not allowed to give by law so please accept our apologies for not piling in to help you. There have also received a number of requests to cover individual uranium stocks or unique geographical areas, which we will try and get to in the weeks ahead.

Have a great week.

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Reader Comments (6)

I am surprised you have not talked about URZ (Uranerz Energy) especially since it has fallen off quite a bit from it's 52 week high.

I'm sure you know all about the company so I won't add a bunch of DD, just curious why you aren't mentioning it in your newsletter/portfolio?

If not planning to mention, could you please share your thoughts on URZ? The sector overall has been correcting sharply of late but personally I'm surprised URZ is not trading higher.

Institutional interest went up from less than 1% to over 6%, TSX listing in the works, added to the russell 200 and we are trading sub $5.....gotta be a buy here no?

Regards,

Mike

July 7, 2007 | Unregistered CommenterMike

I look forward to this newsletter everyday. Keep it coming and many thanks. Al

July 7, 2007 | Unregistered CommenterAldo Ferrucci

I'm in Bayswater, now a combination of three explorers working in Canada and the U.S.--Should have leverage.

Pele Mountain--has been going up a bit lately.

Uranium Resources--a producer. Has been strong though a bit up and down lately. However, it seems to recover a lot. I've held it quite a while.

I sold out of Cameco with the Cigar Lake flooding. So often unexpected expenses pop up with such things. Costs increase.

My tungston stock, Playfair, has really gone up recently. I also like Adenac Moly. Not to mention gold and silver of every kind. I made some money this week with the drop in the dollar and rise in oil.

July 7, 2007 | Unregistered CommenterGMiki

Mike, We will update Uranerz Energy shortly.

July 7, 2007 | Unregistered CommenterUranium Stocks

Suggest you might want to have a look at JNR Resources (JNN) and Pitchstone (PXP)- both suffered in the recent pull-backs and seem to be forming a base. Also interested in your views on Western Uranium (WUC) which Cameco has recently bought into and First Uranium (FIU) which rarely gets a mention anywhere. Keep up the good work.

Bob

July 8, 2007 | Unregistered Commenterbob

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