Charles Oliver, HBSc CFA
Southern Andes Energy
SUR-X
BUY
Mar 07, 2011
Uranium. Spectacular company. Very early stage. Small and high risk. Cameco (CCO-T) is in their region. Also have some joint ventures. Have been drilling up some resources.
Believes the uranium market has the best dynamics going. Some of the bigger names that have been around a few years are starting to roll over and the market is going to start moving towards the names that have not been spoken about. Very speculative.
Has a very strong uranium and zinc play in Peru. The problem is, there has been a big correction in those types of stocks. The Peru election was a positive for mining companies. They may be on to significant uranium findings. If you are highly speculative, buy on any sustained weakness.
The sideways motion in November/December is quite significant in and took a significant climb. Hasn't pulled back yet and looks like it has a lot of room to move. Also likes that it has a lot of liquidity. Be careful if it pulls down to below $1.
A uranium stock in his basket of uranium stocks. An exploration company that brings in partners that pays for development. Believes there is a lot of uranium in the land they have.
Partnered with Frontier Pacific Mining (FRP-X) in southern Peru in a very interesting uranium play. Prefers Frontier Pacific as they have half the play as well as a wonderful gold project.
Uranium. Have been drilling a lot, but there are no assays back yet. Will be low grade, but high tonnage. $.93 is a potential floor, which might be an entry point for a more conservative investor.
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