Monday, March 17, 2008 at 08:05PM
A snippet that may be of interest to you, yesterday at the Paydirt 2008 Uranium Conference in Adelaide, Warwick Grigor managing director of Far East Capital said;
“the fall in the uranium price from last year's peak of $US135 per pound to $US74 currently was neither something the industry, nor investors, should worry about. The froth has been blown off the top. The price could reasonably trade within the $US60-$US90 pound range for the balance of this year. It would be most surprising to see it fall any lower."
Mr Grigor tabled his analysis of Australia's leading uranium companies which over the last year showed a fall of 65% on average. However he went on to say that;
"I still hold the view the next decade will be a great source of opportunity for anyone involved in the uranium and nuclear power sectors," he said. "We should stick to our guns and back this nuclear bull market to the hilt."
This is pretty much the way we think so we were pleased to hear someone show a little enthusiasm for the uranium sector and for uranium stocks. The article was carried by the www.com.au just click this link to read it in full.
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