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Monday
Oct282013

Greenland lift for uranium junior

 With Uranium At Rock Bottom There's No Better Time To Invest In Uranium

A small Australian company has benefited from Greenland's decision to relax its hardline stance against uranium mining.

Shares in ASX-listed junior Greenland Minerals and Energy soared by close to 10 per cent on Monday, after the Greenland government last week eased its opposition to the uranium sector.

After decades of ''zero tolerance'' towards uranium mining, the government narrowly voted to allow some mining in a bid to boost its economy.

Despite the decision being closely fought and the company still needing to apply for licences before any mining begins, the local market responded warmly to the policy change by lifting the stock by 3¢ to 35¢.

To read this interview in full please click here.

Chart courtesy of u308.biz

In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

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Reader Comments (2)

I know the uranium market is horrible, but do you really think "soar" is an accurate way to describe a stock that rose less than 10%? Just asking.

October 29, 2013 | Unregistered CommenterJoeBronx

Hi Joe,

Yes it sure is horrible and its hard to find things to be positive about, so we scan the air waves and try and bring a cross section of views from around the world, but it still looks like being awhile before this sector gets going again.

Hope you are keeping fit and well.

take care,

Bob K

October 30, 2013 | Registered CommenterUranium Stocks

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