Robert Floyd
UrAsia Energy
UUU-X
PARTIAL SELL
Jan 19, 2007
Likes the outlook for uranium. Uranium market has moved dramatically over the last little while and is a little ahead of itself. Would wait for a pullback before buying. If he owned, he would sell a little and buyback at a better price.
Uranium producer in Kazakhstan and Kurdistan. Some political risks, even though they have deals with the governments. Has had a huge run. He is not comfortable with it even though it is producing and probably the cheapest.
Has 3 uranium plays in Kazakhstan. On the largest one they have a 70% interest. There are no hedges in place. Low cost producer. Producing about 1.8 million tons this year.
Near-term uranium producer. Unhedged production. In Kazakhstan which has very high-grade deposits and bringing on significant supply growth over the next three years. A very logical acquisition for Cameco (CCO-T).
Has almost no uranium production, but lots of prospects. Merging with sxr Uranium (SXR-T). Have geopolitical risks. Actual production will be a few years. Very richly priced.
Merging with SXR (SXR-T). With the combined significant volume and diversification of supply, it is going to be an excellent company in the next 5 years. Expect it may inter-list on the US exchanges.