Strateco Resources Inc SRSIF

Energy

Strateco Resources Inc. is a mining company. The Company is engaged in uranium exploration and development. The Company's Matoush project is located in the Otish Mountains of northern Quebec, approximately 275 kilometers north of Chibougamau and over 210 kilometers northeast of Mistissini. The Matoush project consists of the Matoush, Matoush Extension and Eclat properties, as well as the Pacific-Bay-Matoush property. The Matoush project comprises approximately 590 claims covering a total area of over 31,195 hectares. The Matoush property is located approximately 275 kilometers north of Chibougamau in the Otish Mountains of northern Quebec, Canada. The Eclat property is located in the Otish Mountains of northern Quebec, immediately south of the Matoush property. The Matoush Extension property is located north, west and east of the Matoush property in the Otish Mountains, in Northern Quebec. The Pacific-Bay Matoush Property is located in the Otish Mountains in northern Quebec.

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Strateco Resources Inc

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Comment by belovedon Apr 08, 2009 1:57pm

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Post# 15905336

RE: RE: RE: RE: i think the take-out price will no

Simon, I don't wanna rain on your parade, but, I could show you so many companies trading just as RSC or more "strange"-whatever the definition for strange you may have. Rumours! Rumours are never part of my trading strategy or a driving force of the decisions.
I believe, right now, some people, some who knows, are positioning themselves for a future +run on the share price. Why?! In MHO we are all on hold for the drilling results from PBM property, plus whatever RSC does overall. Why RSC would negotiate a buyout price now before the results out? I would not by/sell a company without knowing what they have or possibly have. If the results a good/exelent, RSC has the first right to buy the remaining 40% of PBM. That would add an extra value to the company. Also, by knowing the CEO record of bringing everything to an end, selling RSC now, sound like a failure to his resume, unless the sell is so good that he/you and every one is so happy with it.
On your question a few posts down, why PBM share price did not respond to RSC share price jump, my take is that the rumours for the drilling on PBM land are only from people some how connected with RSC. Why's that? RSC is paying, RSC is doing the drillings and RSC would get the info from the lab first. Then the info would be shared with PBM for a JV news out.
Good luck and hope the resoults would be out very soon.
B

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