Bought back into BLR yesterday. Some of my reasons for buying...

Bought back into BLR yesterday. Some of my reasons for buying back into a few uranium stocks are as follows:

1) There is talk that China could start approving new reactor builds very soon, possibly even by the end of June 2012.
China Mulls New Steps on Nuclear Energy
http://online.wsj.com/article/SB10001424052702303506404577444173316508002.html
2) Japan is also expected to restart 2 reactors shortly most likely before the peak of their summer in July 2012.
3) Long term uranium price went up slightly last week for the first time in a while which may signal that uranium prices have finally stabilised
4)Share prices of some uranium stocks including BLR are very oversold IMO.

Risks :
1) Europe debt crisis
2) nuclear accident
3) Permitting

Good to see you back in Hotcopper Grant. Your research on BLR is second to none.