Opinions Brendan Kyne
Laramide Resources Ltd.LAM.TOPAST TOP PICKSep 24, 2007
(A Top Pick March 28/07. Down 51.9%.) You could consider selling for a tax loss and then buying it back at this price.
Brendan KyneUnknown
$7.54
Stock price when the opinion was issued
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COMMENT
Chart shows a up pattern on the beginning of the year. Even though it had a nasty day today, the uptrend has not been violated. Has to get through about the $1.25 area before it can be considered a breakout. If you know the fundamentals and this matches them, it could be okay. (See Top Picks.)
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BUY
Because of supply/demand, expects uranium prices will move higher over the next 18 months. Main property is in Queensland, which has a ban on uranium mining. Expect this will be lifted in the next 2 years. Be patient.
Robert LauzonOwned
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TOP PICK
More speculative because most of their land is in Queensland. Have 50-60 million pounds there but can't mine right now. Thinks moratorium will get lifted in the next 12 months because Queensland is hurting with high unemployment. When that happens, he thinks stock will double
Robert LauzonOwned
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BUY
Stock has been beaten down and it does look very cheap. Probably has about 45 million pounds in Westmoreland, Australia and this can be expanded. If you have a long time-horizon, you might want to start accumulating this. Queensland is against mining, but he expects this will change in the next few years.(Buy uranium stocks when uranium is near its bottom, possibly around $75/$80.)
Robert LauzonOwned
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BUY
Major project is in Queensland Australia. There is still not state approval for mining uranium there but this will just take time. Their Westmoreland property is quite attractive. He buys in the $7 range and trims back when it gets close to $9.
Robert LauzonOwned
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PAST TOP PICK
(A Top Pick Mar 28/07. Down 37%.) A buying opportunity. Have a large uranium deposit in Queensland Australia.
Brendan KyneOwned
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BUY
Have uranium deposits in US and Canada but their main deposit is in Australia. Stock has done very badly lately. Partially because of the sector. Still working on getting one Australian project permitted.
Jean-Francois TardifOwned
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HOLD
Australia has been a wild card. States make their own decision on whether mines will be permitted. Currently, Queensland does not intend to permit mines. There are state elections coming up in November, but it is hard to tell what the outcome will be. A fairly developed project, but timeframe might be lengthy. Their property in the US could come into production in the near term but depends on other factors.
Dennis da SilvaOwned
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STRONG BUY
The 3 mine policy is now up to the Australian states and Queens land is being wishy-washy. Expects they will look more favourably on this. Be patient.
Brendan KyneOwned
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TOP PICK
big producer uranium. New into the Australia market which is virgin, due to government regulations, relaxing.
Derek Webb, CFAOwned
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