This is typical of some prevailing thoughts surrounding African uranium stocks (see below). In many ways it means that the whiplash back to Oz stocks (with deposits) following a change in policy will be violent and it will be at the expense of the African/Mongolian/Russian/Peruvian/Pacific Island plays. Market is mad at the moment!
"In my opinion QLD is by far the more riskier area to invest in uranium stocks for the reasons I already provided. Summit for example is by far more speculative play as ERN if you take the valuation into account - you can loose by far more with SMM than you may loose with ERN and the opportunities are by far better with a stable Government in a democratic country like Namibia with a GDP of 7,000 US$ per capita and and a more or less even tade balance.
Lenni"
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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