Involved in uranium exploration. They have had some intersections of very high-grade which is an extremely good sign. Now the question is, how big is a going to get? Has 2/3’s of $1 billion in market cap so the deposit has to be big and has to be commercial.
The million-dollar question: so where the price of uranium will go, because it's been dead for so long. Don't put new money into it. A long-term play, not short-term.
Thinks the whole uranium sector is cloudy right now. The only activity might be the scooping up of smaller producers by larger producers. To buy a stock based on this is not really the best reason. Feels there are better places to be.
Poised for a takeover? If you have a longer-term view, there are values in these uranium companies if you can project a $60-$70 uranium price again. You would have to hold a basket hoping that one of them would get taken over.
Often one company in an industry is taken out and all the others act like they are in play. Can this one finance the extraction of their deposits. Uranium is an interesting contrarian area. They don’t interest him because they are too confusing, their balance sheets are ugly or they are in countries that he doesn’t like. If the whole sector is down then it is good for each stock.
There has been a lot of speculation on takeovers in the uranium sector but he doesn't see it for this company. He is still negative on the uranium sector.
Uranium space, since the Japanese earthquake, is dead money for smaller companies. They are not going to have the capital needed to develop their projects. No reason to be here for a couple of years at least.
Went through a bit of a management change. A long time story. Cameco (CCO-T) own about 20%. Not getting a lot of attention and needs to get larger. Kind of in the development mode, which is boring to some investors.
Uranium. Because of the Japan situation, there is probably an over reaction. We are at support. It could sit around in this area. It needs to go above the gap above $2. We need uranium – it is not going away. The stocks will stock here for a while.
Had a big correction in early January, then broke-out. Should go up from recent low to recent high in short term. If it broke $2.25 it would nullify everything he said.
A core uranium non-producer. In the Athabaskin basin, one of the best prospective areas globally for high-grade uranium. Have an initial resource of 88 million pounds.
A toss of the coin. It’s one of about 700 juniors. Interesting one. Difficult to say whether it will get to production. Would rather have Denison (DML-T) or Hathor Exploration (HAT-X), which has fabulous grades.