Saturday, July 23, 2005
Strathmore Minerals (STHJF) investment report
The company spent several years accumulating assets and people while the uranium industry was completely out of favor. That foresight has given the company a strong team... Strathmore has a big lead on most other companies....I'm not so sure I completely agree with that. They didn't do enough while uranium was out of favor because they've been scrambling lately to do acquisitions. Now maybe they had these acquisitions in the pipeline for a long time, I don't know.
Strathmore's strategy has been to acquire uranium properties on which previous work has outlined deposits. The company had a lot of projects to choose from, as decades of exploration work came to a near complete stop when the uranium price cratered after 1997.This must be a typo because the real collapse of uranium prices happened over a long time period from 1979 until the early 1990s. I suppose there was a little increase in the 1990s and a drop in 1997, but it was very small. Most of the exploration work on Strathmore's properties was done in the 1970s and 1980s.
The report mentions Robert Quartermain and claims that he is a director of Strathmore, but he is actually just on the Executive Advisory Board.
I read the rest of the report and it's really better to get this information first hand.