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Wednesday
Nov292006

INTERNATIONAL URANIUM CORPORATION: Time to invest?

iuclogo1
IUC is an adventurous uranium exploration and production company. It is currently involved in the re-opening of older uranium mines in the United States where estimates put production at around 3.5 million pounds of uranium.

IUC is undertaking uranium exploration in Canada and Mongolia. Geopolitically all fairly sound moves. We have to say that this is a company that we like and are tracking its progress. For various reasons we have not bought into this uranium stock yet. Is now the time to buy? We don’t think so.

Looking at the chart we can see that the stock price has gotten away from the 200-Day Moving Average by some distance. This is not so unusual for explorers in this sector at the moment, there other examples of this sort of upward spurt.

iuc29nov06

There are a myriad of reasons for this move, such as good management, potentially lucrative discoveries, known resources so far etc. But to gain 50% in the last month or so would appear to us to be based on the merger with Denison Mines Inc. Approval for the merger was received on the 28th November 2006. (So look out for the symbol change to “DML” in the next week or so) No doubts in our minds that Denison is a very good manager and this looks like a great move. However, at this moment in time there would appear to be a fair amount of euphoria built into the stock price.

It is a good investment but timing is everything so we will sit on our hands until the froth has dissipated and then consider a move. Sorry that we are not more gung ho! But please remember that we have been wrong before. If you do make an investment now please let us know how you get on and why you think now is the time to pounce!

29 November 2006
Wednesday
Nov292006

Crosshair Exploration & Mining Corp: Up 10.0% today

CXX got off to a great start today rising by 10% in the first hour of trading. Uranium-stocks latest selection is setting a truly cracking pace.

Uranium is now trading at $64.0 per pound according to Uranium info, which may just have something to do with this latest stock price rise.

Keep smiling it looks like another good day.

29 November 2006
Monday
Nov272006

Uranium-stocks: Portfolio Update 26 Nov 06

The webs only free portfolio of uranium stocks provides a quick update of our uranium investments to date.

The following is a list of our uranium stocks and our current strategy for investment:

Cameco Corporation – Reduce/Sell.
The Cigar Lake water problems were disappointing; we need to see a rapid response to this situation plus sufficient active management action to kick-start the stock out of its lethargic state. Until then we will not buy this one.

Rampart Ventures Limited – Watch
RPT is currently trading at $0.325 on thin volume, remains on the Watch List.

Uranium Participation Limited – Buy.
U is currently trading at $12.74 and has made great progress since we bought at $11.97. We will continue to accumulate.

Strateco resources Inc – Watch
RSC is currently trading at $2.19 with 6 million shares traded on Friday. We have been watching this one for some time but have not made an investment. However the volume has shown some large surges in trading so maybe someone knows a little more than we do. Strateco has had some coverage lately, which has boosted the price to some extent. If you have bought it already then sit tight and enjoy the ride. We have not made a purchase yet and we will continue to assess this company as a possible investment going forward.

Fronteer developments Group – Sell 50%/Hold.
We have doubled our investment on this stock and decided to take 50% of our money off the table. We will continue to watch for a suitable correction and buy a dip if we are fortunate to get another chance at lower levels. We still like this company very much indeed and will not be selling the other 50%.

Crosshair Exploration and Mining Corporation– Buy.
This stock is Up 63% in 5 weeks, which we are extremely pleased to report. However there may be some profit taking at this point so don’t be too surprised if it happens. We don’t think it will be big and it will most certainly be short lived, so hang on in there.

Laramide Resources Limited – Buy
LAM is currently trading at $8.00 and has made great progress since we bought at $5.78, a rise of 38%. We will continue to buy as this will be a top performer in this sector.

Energy Metals Corporation – Watch
At $9.72 EMC has done very well since we first wrote about it in September when it was trading around $5.70. The volume is fairly steady and this stock is now at an all time high. If you bought it then give yourself a pat on the back. It looks as though we have missed this one, for the moment!

Eagle Plains Resources – Buy
EPL is currently trading at $0.66 and making steady progress, we feel this stock is a little over looked at the moment but expect the steady progress to continue.

Mega Uranium Limited – Buy
MGA is currently trading at $5.96 up from the $3.94 that we paid for it (split adjusted) now showing a 50% rise. The volume has been very good with some days topping a million shares.

Rodinia Minerals Inc. – Watch
RM is trading at $0.83, not much movement from $0.80 when we first wrote about it on 15 August 2006. Watch and be careful with this one.

Thank you for your comments and constructive criticism we are always pleased to receive them and we know that our readership also enjoys your insights whether you agree with us or not, keep them coming!

As we wrote recently the important point here is to keep some of your funds in uranium stocks. We have noticed more and more analysts talking about the possibility of uranium moving up the $100.0 level, a level that we predicted months ago. We remain confident enough to stick with our revised target prediction of $200.0 per pound and it won’t take too long to reach this level.

Hang on in there, this amazing ride as only just begun.

We are continually researching new companies looking for investment opportunities and will publish this data when the timing looks good.

Good luck

27 November 2006
Sunday
Nov262006

Crosshair Exploration & Mining Corp: Up 63% in 2 months

cxx

The latest addition to our uranium stocks portfolio is performing incredibly well. We started buying on 25th September 2006 at $2.00 and today, just two months later it is trading at $3.27.

A gain of 63% is very pleasing indeed.

The temptation to take a short-term profit here is great and we would not blame you for doing so. However our strategy is to hold as this is a quality stock in this sector.

When we purchase any uranium stock we are looking to double our money in a short time. Crosshair is no different. But we are even more confident now, that it will go further than $4.00 so to sell 50% of our stake in Crosshair when it doubles is not an automatic ‘given’ No Sir! We will re-evaluate the situation as and when it CXX achieves $4.00.

Sleep tight.

26 November 2006
Wednesday
Nov222006

FRONTEER DEVELOPMENT GROUP: Sell 1/2

We had previously invested in FRG at $4.70, on the 24th July; today we sold 50% at $9.12, taking a profit of 94%.
At this point we have decided to take some money off the table not because we think that FRG is a bad company, far from it we think it is a fantastic company. However, on this occasion we are letting prudence rule!

frg22nov06

Just take a look at the chart.

FRG stock price is way above its own 200 DMA for comfort. MACD, Stockastics and the RSI are just too toppy for us at the moment. Volume has been high but would appear to be falling.

Fronteer trades on both the Toronto and AMEX under the symbol of FRG.

If you have decided to stay with Fronteer then good luck to you.

Also, make no mistake about it we are still holding 50% and will be back with further investments into FRG if we are lucky enough to get a ‘DIP’

22 November 2006
Tuesday
Nov212006

FRONTEER DEVELOPMENT GROUP: Up 100%

FRG is now up 100% at $9.44 having invested in this uranium/gold stock at $4.70 on the 14th July 2006. What a nice day!

The question now is should we take some money off the table or stick with it?
We’ll be back, watch this space.

FRONTEER trades on the AMEX and in Toronto under the symbol FRG.

21 November 2006
Tuesday
Nov212006

Uranium Participation Corporation: BUY

We have now upgraded Uranium Participation Corporation from the Watch List to the Buy List.

Having watched this stock for some time and posted our research here at an earlier date we have made the decision to make our first purchase and we will continue to accumulate as and when the opportunities present themselves.

uto28nov06

As you already know Uranium Participation Corporation is a holding company for investment into uranium assets. The company’s main objective is that of acquiring U308 and holding it in anticipation that it will experience considerable appreciation as the uranium price moves up. This uranium stock offers almost direct exposure to the price movement of uranium although it does not actually mine the product itself.

As we can see from the above chart this stock has undergone a nice, healthy correction and the indicators now look positive in our humble opinion.

For those of you who bought when we first mentioned it we suggest that you hold on, as the best is yet to come. For the more cautious movers such as ourselves we are pleased with what we have seen and with our first purchase, which was at $11.97.




Uranium Participation Corporation trades on the Toronto stock Exchange under the symbol of ‘U’

21 November 2006
Saturday
Nov182006

CAMECO CORP: Reduce holdings

The set back at Cigar Lake has done more damage to the Cameco stock price than we anticipated; hence we are vastly reducing our stake in this company.

Cameco (CCJ: NYSE) having had a major problem to deal with have not filled us with enough confidence to believe that they are competent enough to handle this situation. A somewhat lethargic approach to the water ingress at Cigar Lake has generated a lot negative sentiment. This is reflected in falling stock price and so we have decided to reduce our stake to a minimal stake only at this stage.

Cameco is now on the Watch List, as we believe that the uranium sector is the best place to invest our funds however, this is not the vehicle.

There are a few exciting possibilities that we will report on shortly, in the mean time we will sit on the cash.

18 November 2006
Friday
Nov172006

Laramide Resources Limited: Up 26%

We first mentioned Laramide when it was trading at $5.78 on the 28 July 2006 it is now trading at $7.32 up $1.54 or 26%.

It is worth re-reading our article just to refresh yourself as to why we bought it or to gain a little background knowledge if you are thinking about investing in LAM.

We are definitely holding on to the stock that we have and will buy more should a dip in price present itself.

A few emails this week have mentioned options trading, all we can say is that it is not for us at the moment, but we never say never. As far as commodities goes we think that the uranium sector is as good as any to put your hard earned money.

Please always check with your financial advisor before taking the plunge and don’t go too mad on any particular uranium stock.


17 November 2006
Thursday
Nov162006

FRONTEER DEVELOPMENT GROUP: Update

FRG is up 8% today and up 85% since we recommended it a few short months ago. DO NOT sell FRG, hold and if you are lucky enough to experience a dip, then buy a truckload.

This is a triple whammy stock as it has gold and uranium interests along with an active, entrepreneurial management team who are making all the right moves.

Are you happy yet?

Please let us know your thoughts, we will publish them and all of the readership will benefit.

Sleep tight.

16 November 2006