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Article: Portfolio Manager Outlook Remains Favourable Despite Recent Uranium Price Volatility
- Article from:
- CCNMatthews Newswire
- Article date:
- August 2, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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TORONTO, ONTARIO--(CCNMatthews - Aug. 2, 2007) - Global Uranium
Fund Inc. (TSX:GUR)(TSX:GUR.WT): In spite of recent volatility in
uranium stocks, and equities in general, the Portfolio Manager
continues to believe that the long term fundamentals for the uranium
sector remain sound.
The prudent deployment of the Fund's capital by the Portfolio
Manager has mitigated the impact of current market volatility. At the
present time, the Fund has approximately 40% of its assets in cash.
Spot prices, which are representative of only a small percentage
of uranium transactions, have eased off since their highs in July.
This may have precipitated some selling activity in the equities
market as investors ...