Wednesday, March 18, 2009 7:32:34 PM
If you've read my prior posts, you know that I felt the trend was down on the price. What's changed?
Two things. From a pure fundamental view, UNR has leaped ahead of its sister company DDN (Diamonds North) as far as providing value to their shareholders. DDN suffered truly disastrous and embarrasing results from its mini bulk sample which they basically found nothing at all as far as larger diamonds were concerned.
But UNR is poised to confirm this year that they have a 43-101 compliant uranium resource on their Amer Lake property.
While nothing is certain until confirmed, UNR is clearly in a better position than DDN. Furthermore when you factor in that the price of UNR is less than DDN it gets even more interesting.
The second thing is that Mark Kolebaba is putting his get-the-word-out promotion money on UNR. He recently paid for spots on the Biography (Business) show in which executives talk about themselves, their families and tie it all in with their most attractive projects that they have their companies involved in.
Fascinating how events can cause the wheels of resource companies to turn isn't it?
You need the best companies with the strongest fundamentals to make money in the stock market.
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