UUUUUUUUURANIUM !!

I can't seem to unclog my mail inbox (snail or email) as I am continually blitzed with the latest uranium stock idea. My recent favorite is something called CanAm Uranium Corp (CAUI). The snail mail piece received today (not the first time i or my colleagues have received one about CAUI) even positively mentioned how they are one of a few listed on the OTC BB! They were emphasizing how uranium fever has so many stocks listed on the Toronto Stock Exchange, but few on the OTCBB, and how in some twisted way, this is a benefit to the investor. I love it. This is only the beginning, as these mailers make my day. I am probably doing the marketer a favor by blogging about it too!

First, the cover claims in highlighted fashion: "This report is being sent to 4.9 million investors." I guess they want me to think 4.9 million lemmings are going to buy hand over fist and I better get my trade in before they do! Ok, next we have this wonderful statement: "I believe this will be the most profitable stock pick of my entire career. If you'd like to experience the thrill of rapid, mind-boggling profit, get in CAUI today." Jolly, sounds fantastic, I hope he is right.

The letter goes on to state things like how CAUI has "optioned interests in eight previously explored uranium properties near Bancroft, Canada, where four uranium mines were once operational. The properties total 9,765 acres and have the "43-101" report FILED. Bancroft was well known for its uranium, producing a total of 14,862,653 lbs U308 between 1956 and 1982." Hmmm, my thought, it took 26 years to mine 14.8mm pounds of uranium? And how much is left in the ground?

Ok, ok, not to pick on CAUI, the best part is the small print. I always read the disclaimer, as this gives me the most enjoyment. I ponder these things late at night, in the stillness of the twilight, when clear thinking is possible - The Notion: Why aren't we in the same promotional type business!! This particular newsletter - PUSN - Profitable Uranium Stocks Newsletter - was paid $2.1 million for coverage of CAUI. The disclaimer also states neat things such as "This four page information package is for entertainment purposes only. Don't rely on any information in it..." That is an incredible statement!! Don't you love it! Lots of legalese disclaimer boiler plate stuff included, but it clearly sums up the situation when stating it is for entertainment purposes only and how they are compensated with $2.1mm cash (or shares) to write the thing!

Capitalism is so much fun. I hope investors are careful out there. Lastly, CAUI changed its name last year from Boulder Creek Explorations to its current moniker...and I find it curious they are incorporated in Las Vegas, Nevada (of all places) but the "contact us" button on their website is for Bellingham, WA.