Jean-Francois Tardif
Strateco Resources
RSC-N
DON'T BUY
Feb 26, 2007
Uranium. Some very promising drill results with good length and good grades. They intend to mine as fast and as soon as possible. Market cap is fairly high considering the number of pounds they have. His strategy is to find companies in the same area at lower prices. If this company goes up his will also go up.
They acquired 100% in the Matoush uranium project which is in Quebec. It's a sedimentary filled basin similar to the Athabascan. They announced they are going to list on the Frankfurt exchange which is positive.
Has a uranium mine and if he is waiting to see drill results. Press release indicated strong radiation from their results, but cautions not to read too much into press releases.
Not bullish on uranium. They are drilling a basin in Quebec and the drill results where just so so. He is holding his stocks because he would like to see the next assay results.
The last of his uranium stocks and would have got out of this except for the loss of uranium through the flooding of Cigar Lake. Have a very large land position in the Matoush Basin, Quebec. Findings are very shallow and high grade. Has a lot of upside if they can continue to develop it as a production profile.
A uranium company in Quebec. Trying to define the deposit it found. Stock already reflects some of that future potential upside, and he finds the stocks around the deposit more interesting.
Made a really good uranium discovery, and there are targets left to be tested. It's not deep and it's high grade.
He sold, only because he thinks it's time to get out of uranium. Otherwise he would still be there.
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