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« Christmas is coming up fast, need a Pressie? | Main | Adrian Day: Long on Gas, Longer on Oil »

Uranium Participation Corporation: Making Steady Progress

Uranium Part Chart 02 Dec 2010.JPG

Uranium Participation Corporation (U) hasn't doubled since July, along with some of the other uranium miners, however, it is ticking along nicely. 'U' has experienced had some profit taking but has now recovered. Some of the fizz was taken out of the indicators recently as 'U' corrected, so its fingers crossed for some steady progress on the back of rising uranium prices. Also note that the volume can be erratic at times, however, the liquidity is good.

Uranium Participation Corporation is an investment holding company which invests substantially all of its assets in uranium, either in the form of uranium oxide in concentrates ("U3O8") or uranium hexafluoride ("UF6"), with the primary investment objective of achieving appreciation in the value of its uranium holdings. The mission of the Corporation is to provide an investment alternative for investors interested in holding uranium. Denison Mines Inc., a wholly owned subsidiary of Denison Mines Corp., is the manager of Uranium Participation Corporation.

The target price for 'U' has been raised recently bu some analysts as follows:

Uranium Participation Target Raised To C$10.50 From C$9.70 By Salman >U.T

Uranium Participation Target Raised To C$9.40 From C$8.75 By Dundee >U.T

Uranium Participation Target Raised To C$9.25 From C$7.75 By RBC >U.T

November 16, 2010 -- Uranium Participation Corporation ("Uranium Corp") reports its net asset value at October 31, 2010 was CDN$758,838,000 or CDN$7.14 per share. As at October 31, 2010. Market Capitalization is $881.41, 52 week range is $5.08 - $8.52.

Uranium Participation Corporation's securities are listed and trade on the Toronto Stock Exchange. Its common shares trade under the symbol U. 

Meanwhile back at the ranch during our knockabout sessions we have toyed with the idea of running an Accumulator whereby we make a trade and then use the total proceeds for the next trade and so on. So the stake and any profits are rolled into the next move, if you would like to comment on this idea, then please click here.

Over in the options trading pit the team have updated the progress chart to include closed trades, now 53 winners and out of 55 trades, having been stopped out of a trade with a profit of 41.84% made in just 8 days. We currently have a number of open positions which we are pleased to say are all in positive territory.

sk chart 19 Nov 2010.JPG

The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today?

Stay on your toes and have a good one.

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