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Message: JAMIE HORVAT'S (SPROTT) take on uranium

Personally I don't think that nuclear is dead but I am in wait mode here to see how it all shakes out after this event. If you have to own 1 stock then HAT - Hathor would be the one for me.

Agreed. Anyone looking to take them out better make a move soon, before they find even more high grade deposits.

Most of the Uranium stocks are at good entry points currently but I have decided to wait until the summer doldrums to see if some of these stock don't drift into extreme undervalued territory before I add any. I expect a pull back on the S&P.

I think there's probably a floor under these stocks near current levels. The Chinese have been buying minority stakes in smaller companies ever since their attempt to buy the name brands was rebuffed a couple of years back. This presents a buying opportunity for them as well as us - at least that's my theory. If anything, there may be resistance for a while as people who bought at higher levels use the rallies to get out even. All that considered, I've started buying here because I'm just no good at timing these things. If I sit in the wings and three or four months from now they start to move, for sure I'll end up chasing them, so on balance it's a wash.

ebear

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