OTCQX:PALAF - Post by User
Comment by
madbiker44on Apr 05, 2007 8:53am
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Post# 12553599
RE: Momentum in Favor of Uranium Stocks
RE: Momentum in Favor of Uranium StocksStocknutfan,
You wrote:
"Because its news regarding Cigar Lake was deemed to be better than expected, Cameco's stock has regained much of its luster, traversing from $36 to $45 on strong volume in a matter of weeks, buttressed by a "top pick" recommendation by RBC with a target price of $60".
I can tell you from many years of underground mining experience that the CCO people are painting a rosy picture for the general public in regards to Cigar Lake issues. In my opinion, as I mentioned on this board before, the situation is far worst than they are saying. I am thinking that RBC will soon be changing thier,"top pick" status and price target.
I believe companies such as PDN, etc.. will further benefit in two ways. 1. When the world finally realizes that Cigar Lake is worst than expected, huge dollars will flood into the next best options. 2. Spot price, in my opinion will spike on negative production outlook.
Unless something negative and unforseen occurs with PDN, I expect it to be closer to $14 by the end of 2007 but, of course that is my opinion. Time will tell..
For what it's worth.....thats my view folks...Cheers..Mad