16 replies to this topic

[PorkLoin]

Selecto: If you could only own 3 - what would they be?

I gotta mention 6. But here's the first three, very subjective and with no implied warranty:

DML.TO because it's less speculative, a big producer already and will benefit fairly fast from higher product prices.

MGA.TO for its aggressiveness around the world procuring land and reserves. Active on 5 continents, especially in Australia.

PDN.TO is an Australian company in the first place. I think Paladin and Mega will be able to increase production decently fast, and that's more key than ever now as uranium oxide prices rise fast.




Have to say SXR.TO also -- a good play on gold as well, and it's on the Johannesburg exchange, one of just a couple I think.

FRG - also good if one is a gold bull, and this one might be a takeover target for a fast gain.

PNP.TO = precious metals, base metals, uranium, oil and natural gas. Agile management; formerly was heavy into technology and biotech.


Best,

Doug

[PorkLoin]

Curt: I've watched in amazement URZ. That co is just dirt and a bunch of holes, but it's going crazy. I've resisted the greed mania. Do you have any DD/thoughts?

I don't know much at all about it, and don't have a big position. Hiker said there was huge short interest not long ago. I imagine the recent action has shaken some of them off. Unless the website's claims are total BS - who knows? Almost a quarter billion Dollar capitalization.

I'm just watching the chart, and the daily and weekly is looking good for now.


Ciao,

Doug

[PorkLoin]

The End: I wish you would stop pounding the table. I have been long Uranium for almost two years and am getting quite dismayed at all the chatter about it. Shhh...

Ha! I hear that but I love to shoot the breeze about it, if nothing else. Eventually, Joe Six-Pack needs to know, too, right?

The current fast rate of increase in the price of uranium oxide has me wondering if we're going to see a spike in share prices that will far overrun the production prospects of the juniors and exploration companies. Up, up, up, and then Holy Crow - "production is years off..." Maybe a parabolic and mini-crash before the bull market continues later on? A months-long correction? Stranger things have happened.

Cheers,

Doug

[PorkLoin]

Cirrus: I think there's more room before another IT correction--great job Doug. FWIW I think we have several more years before miners catch up with current demand and stop the price rise. That's assuming demand doesn't accelerate. Uranium can go A LOT higher before it's equal to oil in terms of $ per BTU.

the fission of 1 pound of uranium releases more energy than the burning of 3 million pounds (1,500 tons) of coal

FWIW I believe coal is going for over $40 per ton.

Music to my ears, Tim. And yeah -- while some of the issues are way overbought already, nothing says they can't go higher, and there are ones like Mega, which has gone sideways to barely up for a year and just now may be really getting in gear. IMO the action of the past year could support a huge rally here.

Love it,

Doug

[NAV]

Porkloin, Great call and great trade !

[...]

A great list of possible vehicles. Back on March 12th when I decided I needed a position, I resolved to buy only the strongest, best-looking charts. Paid an average of 7.30 for a pot-full of URRE. It was just shy of 8-year highs and made the first of a series of them about 2 days later. By my count, it's in a possible 3 of 3 of 3. An actual producer (although currently at a loss,) but with big ideas about the future. OTC-BB, but then that's just the equivalent of most of the Canadian juniors. Could get explosive. Or not. I expect frequent bouts of profit-taking, but the direction is clear. I haven't yet let loose of a single share and don't plan on it for at least a year. The other chart that got my attention was URZ. It hadn't made a new high, but on 4/3 it looked like it was ready, so I bought a half-a-pot-full at an average of 5.16. It's not often that something cooperates for 60% in 4 trading days. I'm inclined to trade a part of this position from time to time as this is a clearer case of a lot of dirt with a lot of liars on top, but so far the chart hasn't lied and I'm sitting tight. Given the realities of energy, the move to more nuclear is inexorable and there just isn't enough raw material to go around. May this budding mania grow to massive proportions, whereupon we can be judicious sellers. Hopefully, years from now.

[...]

Please excuse the typo, that would be about 30% in 4 days in URZ, not 60%. Must be the mini-mania.