Dennis da Silva
Purepoint Uranium Group
PTU-X
HOLD
May 17, 2007
Athabascan Basin. This has been a frustrating stock. Not a very well known management team. Recently announced a new experienced VP of field operations. This is a positive. We asset is Turner Lake, which he likes. Early stage.
Uranium. Good properties in the Athabascan Basin and good management. The stock has slipped consistently down from February. This is not a near-term play.
Has probably found a bottom here. More focused on places where major uranium has been found in the Athabascan. They have staked a lot of land in an area that is very swampy and very deep. Prefers others.
Junior company that is basically raising money to explore for uranium. Sometimes takes years to find a deposit. Have to be patient. Some interesting prospects in the Athabascan basin. Pretty strong drill program for the first half of 2008. On negative days, you could pick some up for a short-term trade.(Buy uranium stocks when uranium is near its bottom, possibly around $75/$80.)
Your Watchlist
Add stocks to watchlist to monitor them daily and get important alerts.