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Strateco Resources Inc SRSIF

Energy
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

Strateco Resources Inc
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Comment by Canonballon Sep 20, 2010 7:50am
387 Views
Post# 17467549

RE: canonball good to see you post

RE: canonball good to see you postDeacan the .61 cents is based on prior chart support resistance levels...you may believe RSC is worth more, I believe it's worth way more... trouble is... with markets it's what people are willing to pay and why!!!

Adding more pounds (which is very like to happen here soon ...with the work being conducted with Pacific) should be the reason people will needed to push the price higher.   

I have been in and out of RSC as it has made sense to be in or out based on the market conditions...until RSC is in production, and it will be in the not too too distant future Q1 2014.

The stock price will be based more on wishes then fundamentals. That said I bought RSC and other are buying here because it was oversold and the quick rebound from .39 cents back to the .50 cent level tells me .50 cents is likely a firm support point...therefore the stock should... I say should (no guarantees)  move up to it's prior highs and former resistance point.

IF RSC breaks out past .61 cents you are looking at in the 1.00 + range.


Cheers - hope we all have a good week and yes RSC is worth more way more... hell it's trading .05cents under BOOK value!!! as it is.

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