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Laramide Resources Ltd T.LAM

Alternate Symbol(s):  LMRXF

Energy
Laramide Resources Ltd. is a Canada-based company, which is focused on exploring and developing uranium assets in Tier-1 uranium Jurisdictions of Australia, United States and Kazakhstan. The Company’s portfolio comprises predominantly advanced uranium projects. In Australia, its 100% owned Westmoreland Uranium project is located in northwest Queensland and covers over 548.5 square kilometers (km2). Its tenements are contiguous and are located as a group approximately 400 km north-northwest of Mt Isa. The Murphy Uranium Project consists of 683.5 km2 of granted exploration tenure, which lies contiguous to and along the strike from its Westmoreland Project in northwest Queensland. In the United States, its assets include the Crownpoint-Churchrock Uranium Project, La Jara Mesa project in the Grants mining district of New Mexico, and an underground project, called La Sal, in Lisbon Valley, Utah. In Kazakhstan, the Company is exploring over 6,000km2 of the prolific Chu-Sarysu Basin.


TSX:LAM - Post by User

Laramide Resources Ltd
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Post by stocknutfanon Jan 04, 2007 7:32am
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Post# 11953778

Uranium Stocks Correcting

Uranium Stocks Correcting

As the TSX shrank >200 points and the Venture Exchange gave away proportionally even more, uranium stocks were crushed alongside. None of the top 20 market cap uranium juniors escaped unscathed except for URANIUM PARTICIPATION CORPORATION (TSE:UPC). Some, like ALBERTA STAR (CVE:ASX), shrank by double digits. Even relative heavyweights in the uranium sector like SXR URANIUM ONE (TSE:SXR) gave back over 8%. As I alluded to yesterday, a correction looked impending, both for uranium stocks and the broader market. One of the best comments I heard yesterday was an analyst speaking on RoBTV who said that the bearish trend might continue for a little while, because you do not just drop >200 points one day and expect things to return back to normal the next. In addition, I also hinted yesterday that dips might represent buying opportunites for uranium stocks and I personally am hoping to find some bargains in the trough of the correction.

https://uraniumstockinvesting.blogspot.com/

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