Hi Anthony, I have a number of U investments that I have...

Hi Anthony,

I have a number of U investments that I have re-established recently as I think that this time is more likely going to be the start of the bull market vs. the two previous post-Fukushima false dawns (I have previously been early to this theme).

Whilst I am wary of Marin Katusa, I think that he is correct when he states to focus on:

(a) Athabasca Basin
(b) ISR in non AK47 countries or lowest cost quartile

There are many investment opportunities at different stages of development that, in turn, fill different niches within my U portfolio. Depending upon the risk-reward skew they have different weightings.

They range from fully producing giants (GGJ), to idled or throttled down production facilities (PDN, UUUU, UEC, BOE, PEN), to development plays (BKY, NXE, DNN), to the commodity itself (UPC), and early stage exploration plays (PTU).

Many are TSX listed.

I think that USA domiciled operators are a good play on geo-political concerns and "national security policy". I think that both USA domiciled utilities are going to be given a lifeline to make them competitive with shale gas and the U miners themselves will get some form of protection too.

I hold URA but intend to sell this in due course due to its ridiculous management strategy of buying some questionable portfolio components in favour of pure play U miners (Macquarie Group now ranks higher than BKY ... WTF).

PDN is right up there.

Cheers
John