2 Uranium buys

I don't know if the market is going to recover or go lower first so made
some buys that I am happy to keep if needs be. I have done a lot of
research recently on the uranium sector and made 2 small purchases
that should be good in the long term. Assuming no shock news I would
probably add more of these at lower prices if the selloff continues. I
think that if that market enters a bear phase that uranium will be one of
the few speculative winners + should outperform along with blue chip
defensive consumer staples type stocks.

1.Stock = (USEG-N) U S Energy Wyo
Exchange = NASDAQ (Agent)USD
Buy Quantity = 100 Price = $5.09
Gross = $509.00dr Net = $524.95dr
Trade Date = 05 Mar 2007

2.Stock = (FRG-A) FRONTEER DEVELOPMENT GROUP INC
Exchange = American Stock Exchange (Agent)USD
Type = Buy to Open
Quantity = 60 Price = $10.69
Gross = $641.40dr
Net = $657.35dr

USEG  or U S Energy are a kind of mining holding/development/ dealmaker
company.It acquires, explores for,develops and sells mineral properties
containing uranium,gold and molybdenum.
Feb 27 News - U.S. ENERGY &CRESTED CORP. TO GET 6.6 MILLION SXR
URANIUM ONE SHARES AND ADDITIONAL CONSIDERATION FOR SALE
OF URANIUM PROPERTIES.
The value of this deal + follow on alone is greater than USG's
Market Cap.+ SXR URANIUM ONE is now the 2nd largest Uranium
producer in the world after Cameco.
That leaves a lot of business for free & no real finance worries
which is good for the mining exploration business.



FRONTEER DEV GRP INC (AMEX:FRG)
Acc to their website ..
operate active exploration programs in stable countries like Canada, 
Western Turkey, and Mexico + have strong and experienced leadership.
Fronteer is a rapidly evolving company committed to building long term
value through ongoing discoveries and strategic acquisitions. There are
currently nine drill rigs operating in Turkey on three projects and one
drill rig operating in  Mexico on two gold-silver projects. Fronteer has
a strong balance sheet and has a prominent foothold in an emerging
uranium-copper-gold district in the northern Yukon.
Fronteer holds a 47.24% interest in Aurora Energy Resources 

Aurora Energy Resources Inc. (Toronto:AXU.TO) announced on the 
25 Feb 07 resource estimates for its 100% owned Michelin and
Jacques Lake  uranium deposits in coastal Labrador. The two new
estimates collectively yield:                     
1. A Measured and Indicated resource of 58 million pounds of U3O8 ("uranium") 
2. An additional Inferred resource of 38 million pounds of uranium.
Aurora's uranium resource base has increased 170% in just over 12 months.
Michelin and Jacques Lake are still in their infancy in terms of their
potential size.

http://www.fronteergroup.com/home.htm