RE: RE: RE: EncouragingThe Globe and Mail reports in its Tuesday edition that RBC Dominion Securities analyst Leon Esterhuizen has downgraded his target price on First Uranium (40 cents) to 50 cents from $1.20. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Esterhuizen says First Uranium faces operational and financing uncertainties at its Ezulwini project in South Africa. The analyst says the market is "waiting for clear signs of delivery before it starts paying up for the story." The company plans to bolster production at the underground mine this year. The Globe's Scott Adams said First Uranium was on his bargain list of stocks in the Number Cruncher column on Oct. 5, 2010. It was then trading at 84 cents. Mr. Adams said First Uranium, among others, was showing signs of improving earnings. The Globe's Ian McGugan recommended buying First Uranium in the Number Cruncher column on Oct. 27, 2010, when it was worth 83 cents. Raymond James analyst Bart Jaworski recommended avoiding First Uranium in The Globe on June 10, 2011. In the item Mr. Jaworski said even though the stock was near an all-time low of 56 cents "investors should use caution ... given continued uncertainty over liquidity and permitting."
Boy did these guys get it wrong