Khan Resources: Up 12.18% today
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Topic: Uranium Mining Stocks — March 6th, 2007
A great start by the latest addition to our portfolio, Khan Resources, which we purchased yesterday while the mood was a little glum.
Having issued 8,150,000 Common Shares at a price of $3.70 per share earlier this week they have now raised $30,155,000 to be used for further exploration and development of Khan’s Dornod uranium project and associated corporate purposes.
Other uranium stocks doing well on the TSX today are Laramide up 10.58%, Fronteer up 5.93%, Mega Uranium up 9.5%, so a good day all round for our investments.
06 March 2007
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Great upside move! I agree, There were some great bargains on Monday. I increased my position in Mega at $5.52, and bought some LAM, DML, and some PNP. I remembered seeing Khan listed in Pinetree’s website, so went there and sure enough, they own 3,346,900 shares, about 8%.
Comment by stoneygulch — March 8, 2007 @ 5:47 am