Mega Uranium Predictions

[richmanch]

I think a lot of stocks are in this same predicament. UEC almost exactly, URZ is at $2.50.

Mega was above $4 (5, actually) in November 07. It was above $8 (briefly) in April 07 (I miss April...)
It hasn't been below $2 since November 05. 

[Croaker]

I think Mega will stay between $3 and $4 this year unless something big comes out from them on drilling. They do have property all over and maybe someone will want to get it. This is probably one of the stocks I will keep for the long haul.

[dananini]

Mega needs some good political fortune in Austrailia.While the 3 mines policy has been shot-down (barely), states still have the ultimate power on lifting thier own bans.Queensland and Western Austrailia are adamant about no new uranium mines.Mega has a handfull of properties with serious known deposits in both of these states.No good to us though if they can't dig it out.With world pressure on them,however,Queensland is starting to soften their rhetoric somewhat.If at least one of these states abandons the no new mines policy, Mega would probably double on the news alone.It's something every Mega holder should be paying attention to.If you're not out on the side of a big bridge, that is.

[Depleted]

Sheldon has put too much money in at the $3.00 range to be "happy" with a 25% profit for the next 12 months, so I think it will go above 4, but how far, is anybody's guess....

[richmanch]

Congratulations to no one.

This is in my US brokerage account, so I can't even unload it today. Probably better off.

[Bottomfeeder]

You know just to say something about the Aussie ban that is in place.  Mega and Laramide both obviously have some quality holdings there that they cannot mine, however, they can still do their drilling and prepare for future mine development.

It would be my guess that as both of these future producers get their groundwork done, that shortly thereafter those bans will be lifted.  Too much economic impact for the Aussies sitting across the pond  from China.

I try and keep this in mind every time I think about the obstacles.  I don't believe, (not certain) that if those bans were lifted tomorrow that either would be ready to start their mine development anyway.  So lets just keep our eye on them and make sure that the quality of the land is as advertised and that the dollars are being allocated for future development.

If they quit spending the money on drilling then I would probably look to exit.