specs being nibbled at in stealth, page-12

I'm with Fluffy on this one as well. Seems to be a change in sentiment and is being shown in some of the juniors and the majors.

From FN Arena:

"
SHARE CAFE COMMENTARY
Citi Initiates With Buy On ERA & Paladin
BY FN ARENA NEWS - 21/01/2008
Get More Commentary, Dicussion & Market Information On -

? ERA - ENERGY RESOURCES OF AUSTRALIA LIMITED
? PDN - PALADIN ENERGY LTD
Following a review on the sector Citi has taken a bullish outlook on uranium given the increase in global nuclear power capacity and green house gas emission concerns, the broker initiating coverage on both Energy Resources of Australia (ERA) and Paladin ((PDN)) with Buy ratings.

For the industry as a whole the broker suggests the increased capacity can mean only an increase in demand for uranium going forward, which should prove supportive for prices. When constrained supply, depleted inventory levels and fund buying is added to the mix the picture being painted seems to be one of higher prices in coming years.

As a result Citi expects uranium prices to again push through the US$100 per pound level this year and in 2009, after having run as high as US$138 per pound in 2007 before sliding back to well below the US$100 per pound level."

We'll see soon enough if U heads back to $100 and if it does - hold on.