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Tuesday
Dec192006

Uranium-stocks still in first place: Happy Christmas

As you can see from the chart below we are still hanging on to first place in the Gold Drivers competition thanks to Laramide and Fronteer.


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19 December 2006

Monday
Dec182006

Uranium stocks: looks like you can buy almost anything!

Uranium ticks up again and uranium stocks go with it. Across the board these stocks are rising today. Even some of the stocks that we are watching but didn’t really fancy or thought that the time was not right are moving to higher ground. We apologize if we have put you off them and they have put in good upward moves.

We have tried to select the stocks that we consider to be quality in a market that is flush with new comers all telling wonderful stories. Some of these stories will be good and we will miss them for various reasons including a little dash of cynicism. However we are happy with the progress our own portfolio is making and will continue to wade through the flood of new entries in the hope that a gem may have been missed.

The important thing though is to invest in some uranium stocks whether you follow us into the market or not is immaterial, but do please buy some of them, the uranium story is only just starting.

18 December 2006


Sunday
Dec102006

FRONTEER DEVELOPMENT GROUP: Come and feel the Strength!

Having sold half of our holding at $9.12 this stock is now trading at $8.72 on Amex. We were lucky selling so close to the top but that’s not the reason for this post.

The reason is that despite the pure chartists selling out, there have been a number of ‘Knockers’ who are prominent newsletter publishers who have added to FRG’s price decline.

What gets us is why FRG has not gone further down! Fronteer is showing remarkable strength regardless of the factors stacking up against it. We were not anticipating a crash but we had hoped for a decent correction enabling us to buy back in at a lower price. However this correction so far is only 4%, that sort of move can happen to a uranium stock any day of the week without us batting an eyelid.

It is the strength of this uranium/gold stock that has surprise and pleased us enormously. We still have 50% of our original stake in FRG and we will continue to watch for a little while longer. If the stock continues to weaken then we can buy back in and our short-term objective will have been achieved. If the stock begins to recover then we may have to bullet and buy back in anyway.

Either way actually suits us. If it is the latter our short-term objective would not have been fulfilled but FRG will have clearly demonstrated considerable strength and the future will look brighter than ever for this stock.

10 December 2006
Thursday
Dec072006

Crosshair Exploration and Mining Corp: Hold

cross1

We have decided to hold on to CXX and not to take a short-term profit. Crosshair will remain as one of our core holdings.

Crosshair is both uranium and a gold play and we are very bullish on both. By all means feel free to step out of this stock and wait for a dip and buy back in at lower levels. Beware though, the profit taking could be short lived and CXX could continue its upward charge fairly soon.

One of the reasons that we are taking this stance is because we detect a growing interest in this sector of the market.

As this interest grows more and more funds will be looking for a home as exampled by some of the uranium stocks experiencing sudden jumps in volume from their daily average of say 100,000 to 2000,000 plus. A tipster somewhere introduces a small uranium stock to his tip sheet and his reader’s pile in. A few days later the stock is back to trading its normal daily average. This will continue with one slight change. The number of tipsters will increase and the volumes will increase in unison. Then the investors who bought in the first place will see their investments improving and be convinced that their man is a genius and put more money in to the same stock.

We are a long way from the public going manic on stocks but things are starting to tick albeit slowly. We are no longer at the bottom of this market as the ‘stealth’ period is behind us. However we are at the beginning of phase two where more private investors get involved and some of the not so sleepy fund managers take a stake. This phase we see lasting for the next one to two years.

Phase three will follow on very quickly indeed when everyone and his dog are talking about which uranium stock they have just purchased, one of the signs that it is time to say good bye bull market and look for another play ground.

Good luck.

05 December 2006
Tuesday
Dec052006

Crosshair Exploration and Mining Corp: 100% Up!

It was $1.86 when we first wrote about Crosshair on the 25th September 2006 and we started buying at about $2.00. Today it is trading at $4.12 so our investment has easily doubled.

Problems, delicious problems!

This uranium mining stock is going places but when you double your money in three months it is tempting to realise some profits.


Take half off the table you ask, well we will sleep on it!

If you followed us in to this one well done, enjoy the day.

05 December 2006
Wednesday
Nov292006

The Junior Stock Picking Contest 2006

Many thanks to uranium stocks Laramide and Fronteer for keeping us in first place with a 39% gain since September. The gap to second place is closing on us but we will hang on in there!

29 November 2006
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