thanks for the bargain - happy to accumulate

Well times like today do not come along often so I am happy to pounce and add more to the portfolio.

Nervous nellies are about with little comprehension of the Fundamentals of this stock and i am happy to take advantage of this situation. It is not rocket science and i do not profess to be a genius however i know this stock intimately and believe a re-rating will occur within weeks if not earlier.

Think about it;

* Lab results are due very soon (results should be extremely bullish)
* Chinese, South Korea, Japan, and of course now Russia know the potential of the Mkuju region and need to ensure they have an abundance of uranium stocks into the future. They know the time to act is now whilst U3o8 prices are still around the $70 spot price.
* The Russian offer for Mantra is sure to create interest from China, South Korea, and Japan. They are all very smart and realise that the time to act is NOW because the Uranex Mkuju resource will be proven over time, however to be involved ahead of their competitors is NOW.
*Let the BIDDING war begin.
* James Dines is predicting the uranium price to exceed $138 high it achieved a couple of years back. This man is the ultimate contrarian investor and should not be ignored. He has a very good record in moving before the HERD. His predictions are proven and he is always correct, however the timeframe that this will occur cannot always be predicted.
*We have a world class board who have the contacts in the industry and have the ability to make concise, partnering business deals with the majors as described above. This clearly was not the case with previous management.
* The profit takers are here at the moment cashing in their chips in the low 60c range. Can it go lower? - possibly, however the upside in Uranex is far greater than the downside. Do your own maths and see what you come up with?

I will leave it here for the moment, however I look forward to the next 2 weeks as we will be given further clarity of drilling lab results, and i am bullish along with other strategic initiatives the company is following.

Matt