Cameco's Selloff Is a Buying Opportunity

With the news of the Cameco uranium mine flood, the shares (CCJ) have plunged. Therein lies an opportunity to buy.

Sprott Asset Management money manager and uranium analyst Kevin Bambrough had lots to say in this article.

Given that Kevin and his SAM colleagues are calling the shots in the uranium market, as I pointed out recently, I recommend reading it.

After I wrote in the blog that there really is no bid-offer market for uranium, and that prices are set between power utilities and major suppliers for very long term supply contracts, and that in the short-term we have to look to Sprott to set a price, Kevin Bambrough called me. He explained their strategic position and how in the past couple years they went around the world tying up interests in many small uranium producers.

Outstanding.

Stock Interview has a lot of links to uranium books and articles and stocks. It’s timely.

As you know, Cameco is a Cara Global Best 100 Company:

Cameco Corp [GICS 55, Cara 100]
CCJ: website
(CCJ: Yahoo Finance file)
(CCJ: StockChart chart)
(CCJ: Investertech chart)
(CCJ: ADVFN Financial Data)

There are hundreds of small explorers and developers in this space – many are headquartered in Vancouver, which to many traders is code for caveat emptor. But today, the independent research materials are widely available, and traders do not have to buy stories.