RE: Poll - DG14You, my friend have been promoted to the front of the class!!
Seems like half or more of the posters here are bashers and something under half are pumpers. The remaining few provide some useful information.
Here's a question:
Is there anyone out there in Stockhouse BB land who is dumb enough to be taking advice from either side?
With all the bashers and pumpers, is there really anyone left out there to take their advice? I really doubt it, which means that 90% of the posts here are useless to EVERYONE concerned.
I do have sympathy for you shorts out there who are getting killed right now. You may well get a dip from which to exit your positions. Good luck.
For the pumpers - I have no sympathy for those making a ridiculous effort to create a short-term high from which to sell. It's truly a futile effort.
The truth, of course, is somewhere in between these extreme positions. Pele has a fantastic resource - not an immediate slam dunk, but why would that be expected? Uranium demand is going to increase dramatically as more and more reactors go on line and existing ones need to replenish fuel that is expended. Nuclear power plants, unlike some hydrocarbon plants, cannot use an alternative fuel. Uranium demand is not going away, but will only increase.
Resources like Pele Mtn. has described will be an essential part of the picture. Expect volatility while the nitwits duke it out, while many early investors go for the quick buck, and while institutional investors figure out the uranium story. Also expect a steady rise in the stock price of this excellent company.