Bought into BMN 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 BMN are very oversold IMO.
Risks : 1) Europe debt crisis 2) nuclear accident 3) Capital raising 4) Continued weakness in uranium price
BMN Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held
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