Fast Money Recaps21 Feb 2007 07:59 am
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Bolling made the comment that uranium could not be owned. However, look at the Uranium Particpation Fund (U) on the Toronto exchange. This fund works somewhat like the exchange traded Gld.
You brought up SXR and CCJ. I believe SXR is very aggresive and will do very well. Look carefully at CCJ. They had a water leak and had to repair a bulkhead. Then they went back and created a leak and found out the repairs to the seal were inadequate. CCj should not have had a second water leak let alone a second seal failure. Wouldn’t you think that a company working around water would do a seismic study being there is so much at stake? Maybe even more pumping capacity. It seems to me that CCJ is playing fast and a little too loose. Granted they have other properties but I think they need some new leadership blood. Take a look at Denison. A bit behind on property development but they have tied up or are working with a group of juniors with high grade uranium and very good seam thickness. These properties may be a bit more of a gamble but are well worth watching.