RE: We're due for a move up / CRBBULLYesterday Larry Berman reiterated that oil stocks are going to rally and said $80 is not out of the question. I agree that U is poised for a catch up move to the upside when this occurs; as well, . the rally in commodity stocks in the last week have left the U stocks I own at the side of the road. We won't need to thumb it much longer before we move up.
CRBBULL - I don't know about EMC but its been 6 months now since STM hired National Bank Financial to recommend ways to improve shareholder value. Maybe its time to bring in Cannacord or its time to get some more. 20% of the stock is owned by Sprott and they've participated in every financing since the cents stage (naturally). The last equity raising was well in the $2s so to see it languish at around $1.75 was surprising with warrants exercise pricing as high as $3.25 if memory serves.
I own EMC because of its Wyoming exposure, it is one of RJ's favorite jr uranium plays, smart management, the gold angle is a bonus and because you own it, lol! As EMC and URE get closer to production we'll see the stocks start to reflect that reflected in the valuation. STM is further out in terms of production vs. URE and EMC .. I think STM maybe as much as 5 years out. They've got a lot of land in a lot of different jurisdictions that I could see them selling out separately. Perhaps they are open to be taken out despite having a fireplug like David Miller at the helm. You would have a better feel than I as to whether EMC will sit back after its most recent acquisitions. I wonder if EMC could consolidate STM into the fold, one day; whether that makes any sense?