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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Uranium News

International Uranium (IUC.TO) announced a $4 million financing yesterday. I liked the fact that the issuing price of $4.00 was above the current share price of $3.60. They announced today that the financing has increased to $5 million.

There has been high trading volume in Hornby Bay Exploration Limited (HBE.V) over the last few days. Their exploration properties have considerable geological merit and they are well funded (NOT ADVICE).

There is strong demand for uranium shares but I think it is still too early to put on my contrarian hat.

I do not currently own International Uranium or Hornby Bay Exploration

Courtesy the Big Picture Speculator