G'day -
This is part of an article published in today's (Monday) issue of The Age:
Uranex
TALKING about uranium, there was no one suggesting last week that the radioactive material was going to experience the sort of price pressure that was giving base metals the wobbles.
If anything, there was a wall of big-name types suggesting it was a case of onwards and upwards in a world increasingly panicking about carbon emissions.
There are now more than 100 listed explorers looking for the stuff. While there is no shortage of investment choices, sorting the quality plays from the rubbish is no easy task.
That was a point made by Deutsche Bank in a recent equities note, which has identified what it considers to be a stand-out explorer — Uranex NL.
"Uranex stands out with a solid base of historic and recently discovered deposits and prospects, all of which exhibit strong potential for resource upgrades over the next 12 months," Deutsche Bank said.
It has a 12-month price target for the stock of $3.05. That compares with Friday's closing price of $1.585, so the stock has some work to do."
Best,
Det
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