With the SP dropping 30% since the announcement of GDO's...

With the SP dropping 30% since the announcement of GDO's proposed take over of Rand uranium, frustration and disapointment seems to be common themes on the HC threads regarding GDO.

IMO, the POG will only increase whilst America keeps on printing money and whilst their deficit is 90%+ of GDP. Our low cost per ounce place us in a great position even if the POG does fall (which it won't).

On the uranium front, the Rand deal seams to offer medium to long term upside as the nuclear power sector is in recovery mode.

Jac Nasser, CEO of BHP is extremely bullish on uranium, click on the link to read the article:
http://www.businessday.com.au/business/bhp-calls-for-nuclear-power-and-carbon-tax-20110509-1efhk.html

Whilst BHP is the owner of the worlds largest uranium deposit, so sure, Jac wants to talk it up but I agree that if the world is serious about cutting carbon emissions, then wind and solar power can only do so much.

IMO, people that believe nuclear power is on the way out are extremely short sighted and the world will continue to need uranium in the future.

There are over 26 nuclear reactors operating in Europe alone and nuclear energy provides more than 20% of Japans base power.

IMO, GDO is well placed to grow and profit over the next 12-36 months.

Good luck to all holders.