anybody else catch this last week? SUVRF -- Star Uranium Corp.
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Pinnacle Digest: Star Uranium Corp: Legal Update
Apr 13, 2007 (M2 PRESSWIRE via COMTEX) -- Star Uranium Corp (TSX-V: SUV) had a positive day in the markets Thursday, as shareholders witnessed their company's share value increase 1.02% following the exchange of 181,100 shares trading hands before the sound of the closing bell. The share price ranged $0.055 throughout the day, settling on $0.495 at the end of trading. In the article below, PinnacleDigest intends to further explore Star Uranium Corp and the sector in which it resides. To continue this read and find out why our client base continues to grow, come explore www.pinnacledigest.com.
Once again, a shortage of supply has pushed the spot price of uranium to record numbers. The price has surged to over US$100 a pound for the first time in a generation, soaring over 78 per cent during the past six months. This latest development has many analysts have been forced to revise their forecasts in an upwards direction. There is some belief that prices will pass $125 a pound this year and $140 a pound in 2008. That being said, investors are wondering when the inevitable pull back will occur and how far prices will go before that event takes place.
In corporate news, representatives from Star Uranium Corp. announced that it has received a ruling in its favour from a Saskatchewan court regarding a dispute with Shore Gold Inc. (SGF.T) over ownership of 25 blocks of claims totaling 33,196 hectares in the Fort a la Corne area of Saskatchewan. The dispute began in June of 2003 and the Company is very pleased to have the matter settled in its favour. Plans for exploration on the properties are underway and a more comprehensive news release will be made in the near future outlining the nature and scope of the exploration program. The Company is well funded to carry out a significant program in 2007 and in anticipation of this ruling has formed a joint venture company called "Star Diamonds" to be a diamond specific company and is exploring the IPO of this entity. Star Uranium Corp. shares ownership of these claims on an equal 50/50 basis with United Carina Resources Corp.
Star Uranium Corporation is a Canadian based resource company focused in the strategic acquisition and development of uranium, diamond and precious metal properties on a worldwide basis. Since 1985, the Company's strategy has been to acquire quality uranium, diamond and base metal properties in the Athabasca Basin of Saskatchewan, Canada as well as various areas of Alberta. PinnacleDigest is interested in this company's progress and will be watching for additional corporate developments in the coming months.
It is our purpose at PinnacleDigest to keep investors informed and up-to-date on the sector that most influences their company. We are constantly adding new features to our investment community and believe our unique investment approaches can benefit every investor. Understanding the sector in which a company such as Star Uranium Corp resides is key to the success of any investors' portfolio. To read this article in its entirety and to learn more about the uranium sector, please visit www.pinnacledigest.com.
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