Strathmore Minerals Corp STHJF

RE: check out comments on juniors and uranium

[presto10]

A lot of analysts have predicted that because U was the first commodity to get slammed that it would  be the first to recover.  I think they'll be proven correct.  The biggest impediment to new reactor construction is not whether we need to end the use of coal (or to bring in sequestering tech - which is at least a decade away from reality) but the cost of building them, which costs tens of billions.  The trick is to find the right stocks, eh? Not to rub it in but my previous comments have proven absolutely correct and the spread between stm and the other one will only spread.

Should anyone be interested I have done tons of DD on a Cdn oil and gas services co. that generated $38 million in net income in 2006 and 2007 and due to a maturing convertible deb that needs to be renewed for a paltry $7.4 million this co. has been smacked down to a market cap of $8 million (.20 / share).  30% inside ownership. I mean they do have an over levered b/s but it is NOT a disaster!!  This year they have netted $1 m after 3 quarters BUT $28 million of that is non cash depreciation!  The problem is that they did $24 million in seismic in early 2008 in the Montney and what was expected to be RECORD SALES dried up due to the credit crunch!.  All cap spending is now suspended and big time cost cutting.  They have the largest 3D data set in NE BC and WHEN nat gas picks up again this is a multi bagger??? I think this is a bump in the road but it is NOT a story.  It is a real life cash making machine and we'll soon learn how big the bump is.

I feel that STM is a pretty good risk reward from these levels, but the problem is that obviously the bloom has and will continue to be off spec jrs  that are STORIES.  It will take a LOT of time to recover.  Srs will recover first  and slowly jrs.  You might want to gamble a few stories in your portfolio for a co. that the market is pricing to go bust or suffer massive dilution for T.DVT esp as winter is coming and hope to energy co.s  I hope this is seen as a public service message and of course I'm in it.  Good luck to all.