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Jim HuangUEX Corp.UEX.TOBUYSep 30, 2010

Largest undeveloped uranium source located in Athabascan region. Positive on uranium and this is one of the higher quality exploration companies. Cameco (CCO-T) is a major shareholder. Likes the long-term potential for this company.

Jim Huang

Owned

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$1.01

Stock price when the opinion was issued

$0.50

As of Aug 24, 2022. Market Open.

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DON'T BUY

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.

COMMENT

A small uranium exploration company, and is really going to trade with uranium prices and exploration success.

COMMENT

Not one of the foremost currently in terms of the smaller companies. Much of it is in the western basin, which tends to be deeper.

DON'T BUY

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.

COMMENT

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.

DON'T BUY

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.

BUY

Juniors in uranium look very attractive right now.

DON'T BUY

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.

DON'T BUY

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.

COMMENT

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.

DON'T BUY

Nuclear is not going to go away, but he is more interested in a producer than an explorer. Prefers CCO – buy out of the money puts on it.

WAIT

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.

BUY

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.

BUY

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.

DON'T BUY

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.

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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Summer Sale

Jim HuangUEX Corp.UEX.TOBUYSep 30, 2010

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