Sent out to investors today from PEN:
Excerpts:
The Daily Reckoning Australia
Dancing on Uranium's Grave... But it ain't Dead Yet
By Dr. Alex Cowie
June 15th, 2011
"The old saying goes that that "the best time to buy is when there is blood on the streets".
When the revolution is over, the markets collapse, and investors are destitute and bloodied.
That is when a patient and stoic contrarian investor can walk in and buy assets at giveaway prices.
.........
But as is often the way with deep distrust, it is backed by deep ignorance.
Investors have turned off uranium but the bottom line is that the world needs nuclear energy. And even after the tragic events in Japan, nothing has changed.
China's plans have certainly not changed. And the hundreds of nuclear plants it has planned, proposed or in construction are at the heart of the uranium story.
The deputy secretary of the China Nuclear Energy Association said a few weeks ago that
'...in the medium and long term, China's nuclear strategy cannot be shaken'
But isn't Germany shutting down its nuclear plants?
It's a side show! It has just nine power stations in operation, which it plans to close in 10 years. This is small change on the global playing field.
And closure is not for 10 years anyway. That's assuming whichever German Chancellor is incumbent in 2020 doesn't see this for the window dressing it is - and change the plan.
Besides - who would make up the 20% energy shortfall?
France!
Where does its power come from?
Uranium!
Has France backed the future use of nuclear energy?
Yes!
There's so much schmaltzy anti-nuclear sentiment out there right now, I can't stop my nostrils from twitching at the scent of opportunity."
source and full story: http://www.dailyreckoning.com.au/dancing-on-uraniums-grave-but-it-aint-dead-yet/2/
The tide will turn as I have said right from the start...Will you be ready?
Maybe Gus's France trip was quite savvy in fact...
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