gone west Posted April 7, 2006 Report Share Posted April 7, 2006 http://ca.news.finance.yahoo.com/07042006/...nstruction.html TORONTO (Reuters) - Cameco Corp said on Thursday it was raising cost estimates at its Cigar Lake uranium project in Saskatchewan by up to 20 percent after construction delays and a capital cost review. Results soon, they will be good with uranium over $40. Could be a good buying opportunity. For those that don't know Cameco produces 1/5 of the world's uranium as well as gold. Link to comment Share on other sites More sharing options...
HollandPark Posted April 7, 2006 Report Share Posted April 7, 2006 CCJ down -$1.62 today. chart : If it breaks $35, then look out! Link to comment Share on other sites More sharing options...
gone west Posted April 7, 2006 Author Report Share Posted April 7, 2006 CCJ down -$1.62 today. chart : If it breaks $35, then look out! Its been range trading (33 to 40) for over 3 months. If it breaks 35, it will probably go back to 33 and bounce up again. Uranium has been outperforming for the last few weeks. If uranium holds, we should see a rebound after results are announced (April 28). Link to comment Share on other sites More sharing options...
chickensoup Posted April 7, 2006 Report Share Posted April 7, 2006 Interesting piece on ROBTV about the water leaks at Cameco. (about half way through). They see strong support at 39/40 Canadian Dollars and very strong fundamentals. http://www.robtv.com/servlet/HTMLTemplate/...ip1/h/220asf/// Link to comment Share on other sites More sharing options...
gone west Posted April 19, 2006 Author Report Share Posted April 19, 2006 Interesting piece on ROBTV about the water leaks at Cameco. (about half way through). They see strong support at 39/40 Canadian Dollars and very strong fundamentals. http://www.robtv.com/servlet/HTMLTemplate/...ip1/h/220asf/// Bought a boatload at US$38. US$42.64 at present. Nice tidy (paper) profit pour moi. Merci Cameco. Uranium supply will be tight for years to come, even if no new reactors are announced. Plus gold to boot. Link to comment Share on other sites More sharing options...
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