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Strateco Resources Inc SRSIF

Strateco Resources Inc. is a mining company. The Company is engaged in uranium exploration and development. The Company's Matoush project is located in the Otish Mountains of northern Quebec, approximately 275 kilometers north of Chibougamau and over 210 kilometers northeast of Mistissini. The Matoush project consists of the Matoush, Matoush Extension and Eclat properties, as well as the Pacific-Bay-Matoush property. The Matoush project comprises approximately 590 claims covering a total area of over 31,195 hectares. The Matoush property is located approximately 275 kilometers north of Chibougamau in the Otish Mountains of northern Quebec, Canada. The Eclat property is located in the Otish Mountains of northern Quebec, immediately south of the Matoush property. The Matoush Extension property is located north, west and east of the Matoush property in the Otish Mountains, in Northern Quebec. The Pacific-Bay Matoush Property is located in the Otish Mountains in northern Quebec.


GREY:SRSIF - Post by User

Bullboard Posts
Post by stocknutfanon Jan 05, 2007 3:03am
338 Views
Post# 11960048

Uranium Stocks Correcting II

Uranium Stocks Correcting II

Another huge correction for both the TSX and Venture Exchanges brought further correction in the uranium sector, with 18 of the top 20 by market capitalization uranium juniors in the red; only STRATECO RESOURCES (TSE:RSC) and LARAMIDE RESOURCES (TSE:LAM) gained modestly while heavyweights CAMECO (NYSE:CCJ TSE:CCO), PALADIN (TSE:PDN), URASIA (CVE:UUU), and SXR URANIUM ONE (TSE:SXR) all dropped between 2-5% in value. Although many have been caught in this correction, the smart ones know that uranium fundamentals have not changed, the supply-demand imbalance is still there, and heavyweights from Sprott Asset Management, CIBC World Markets (Jeffrey Rubin) and Scotiabank (Patricia Mohr) are still saying all the right things about uranium. Indeed, it is my hope that the broader market corrects even further and cools down this overheated sector as sensible buying opportunities for uranium stocks at these levels still remain far and few in-between in my opinion.

https://uraniumstockinvesting.blogspot.com/

Bullboard Posts