OTCQB:UEXCF - Post by User
Post by
Harvard99on Oct 02, 2004 10:45am
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Post# 7997314
Check out CCJ board at Yahoo
Check out CCJ board at YahooThere are often some great messages posted by some very knowledgeable uranium investors on the CCJ message board at Yahoo.
One US investor, pandaproject, was wondering where he could obtain more info about UEX and received the following answer:
Re: CCJ Upgrade
by: suep_290729
Long-Term Sentiment: Strong Buy 10/01/04 11:23 pm
Msg: 2631 of 2633
UEX Corporation's symbol on the Toronto is UEX.TO (unsurprisingly.) You could have gotten it at $.35C in February, and has risen to $2+ (heavy profit taking the last couple of days.) It was started as a corporate entity about 1 1/2 years ago, with Cameco and a Cogema subsidiary supplying it with initial capital and properties in the Athabasca Basin in northern Saskatchewan, near enough to Cogema and CCJ's uranium-rich holdings with similar geology to be quite interesting. There have been many ore-quality boulder shows to wet this investor's appetite, and I have bought the stock twice now.
I believe that the recent move in uranium juniors is temporarily over, and will remain that way while initial holders sell for quick profit. However, I believe that purchase of several juniors over the next month will be profitable as the underlying uranium price continues to, as I've said before, inexorably rise, which will pull nearly all of them up.
Cameco, as the big kahuna, will serenely remain on its ascending path, oblivious to day-to-day conjecture of when and how much uranium prices will rise, since long term, there is no stopping the price increase over the next several years. This company is so good at what it does as the world's number one uranium miner and processor that its continued success is a given.
Posted as a reply to: Msg 2630 by pandaproject
Harv