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Laramide Resources Ltd T.LAM

Alternate Symbol(s):  LMRXF

Laramide Resources Ltd. is a Canada-based company, which is focused on exploring and developing uranium assets in Australia and the western United States. Its portfolio comprises of five uranium projects, namely Crownpoint-Churchrock Uranium Project, La Jara Mesa Uranium Project, La Sal Uranium Project, Westmoreland Uranium Project, and Murphy Uranium Project. The Crownpoint-Churchrock Uranium Project consists of two uranium deposits, Crownpoint and Church Rock. The Project consists of all or portions of eight sections of land totaling approximately 4,680 acres. The La Sal Project is a sandstone-hosted roll front uranium deposit and is located in close proximity to Energy Fuels' White Mesa Mill in Blanding, Utah. The Westmoreland Project is located approximately 400 kilometers north-northwest of Mt Isa. The Murphy Uranium Project consists of 683.5 km2 of granted exploration tenure, which lies contiguous to and along strike from Laramide's Westmoreland Project in northwest Queensland.


TSX:LAM - Post by User

Bullboard Posts
Post by uraniumfeveron May 26, 2014 1:59am
209 Views
Post# 22597217

Lam and it's future upturn closer than we think-June pivot

Lam and it's future upturn closer than we think-June pivot Hello, I would like to discuss Laramide and what is happening in this segment. Granted the Uxc price for U308 is at $28 and it "appears" the industry is in a slump but is it really? Lets take a closer look. What is happening at the moment is what I have stated earlier which is security analysts, portfolio managers, banks and so-called financial planners that are tasked with making portfolios grow are taking the low lying fruit rather than the meat and potato mining stocks with the real assets in the ground. They are seeking income by dumping the mining stocks and plunging head first into the blue chips only because they may be paying a 2% yield which is more attractive than what holding your cash in a savings account will pay you. Even going as far as investing now in European mortgage backed securities that started the collapse of Lehman Brother's back in 2008 as we may recall. Shame. One key note regarding Laramide (lmrxf) is that it has rarely dipped into the high 30 cent range as it has 8 times in the last few weeks. I have calculated this as a very bullish sign of an upside breakout to come! Out of all of the fancy-pant U308 stocks that have come down the pike since 2003 only 2 stocks have really made those holders any stable and reliable money and they are both Cameco (ccj/cco) and Laramide (lmrxf/lam). All others have gone up and down (and mostly down) like yo-yo's only to leave the bulk of mom and pop investor's holding the proverbial bag. Laramide has been a consistent player by way of falling but regaining strength time and time again. It is the exclusive junior mining company to hold a world class U308 asset that when the current politics in Australia clean their bi-focals will allow it to shine, and that is nearer than most may believe - no joke. Governments, especially in the West, are feeling the pinch to add revenues to their coffers and if they want to continue spending like drunken sailors in Australia then Laramide's flagship holding is going to go full steam ahead; again, surprisingly sooner than you may believe. June is a pivotal point in the capital markets and expect this summer to signal the rise of interest rates which will in turn create a stampede into mining stocks such as Laramide and Cameco. Believe the unbelievable. This is why I am laughing as to the recent low price this stock has experienced, and I have never seen a better time to purchase it since way back in 2003 before it took off like a rocket based on fluff and higher U308 prices only. The time is now and i highly doubt this level is going to hold after the Memorial Day holiday on Monday, May 26th. Good luck to all and for those pondering this stock i would ponder no further. June is the pivot for Laramide, and that's 1 week away.
Bullboard Posts