Opinions
Robert Lauzon
Laramide Resources Ltd.
LAM-T
BUY
Dec 04, 2009
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.
$1.290
Stock price when the opinion was issued
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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.)
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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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