Uranium One Inc SXRZF

RE: Dines and Casey Fare Poorly

[LongoGlueStick]

Yes, two of Rob Lauzon's top picks, Telus and an income trust that he had recommended 12 months ago were both complete disasters. He said he sold out before both tanked but still, his track record is not the greatest. I actually do not think his comments were completely negative toward UUU. He said that he felt UUU was fully valued in the $9 range (so between $9 - $10) and that he felt UUU could go higher if the sulphiric acid shortage was solved, he conceded that Cameco is having the same problems with sulphiric acid in Kaz (acknowledging that it is an industry issue). I did get a sense that he was ticked off with Froneman, specifically citing Froneman's overpromises. I can somewhat agree with Lauzon on this point, everyone seems a bit ticked the way management has delt with some of these things. Lauzon said he was worried about the enviromental laws that were passed in Kaz, but Froneman has told us that these will not affect UUU's operations there. So it seemed to me that Lauzon was a bit misinformed on this point. I think his concern is that the Kaz government could try to enact the same environmental laws on UUU. This remains to be seen. I do not know how probable this is. I think, however, the selling has been overdone, with over 11 analysts giving UUU a BUY recommendation, I think those who have been accumulating at these prices are going to be rewarded.