RE: very positive time I agree, here are the facts. The accident in Japan, caused a huge negative sentiment towards Uranium. Many countries started talking about replacing all their reactors with alternate energy. The market then punished Uranium prices and in turn Uranium company stocks were beaten to a pulp. That is where find ourselves today with these stock prices.
Now the problem here is that the world needs energy, and a lot of it, and unfortunately for those against Uranium, there is no other alternative. We have nothing that can replace it. So what is happening is, the same countries vowing to move away from Uranium are actually going back to it, namely Japan and Germany... In the meantime, there are many new reactors being built in China, India and middle East, among other places, so demand for Uranium should pick up in a big way. Adding fuel to this fire is the fact that the Russians will be finished with their supply of Uranium, from their old warheads, in Dec of this year.
Put all of this together and it is not a matter of if, but when the Uranium market comes back... and with great force. In the meantime, EFR has closed some of its existing mines that are right now unprofitable and is waiting, ready to bring them online. They have bought a mill and became a producer... in fact have positioned themselves to become America's largest conventional uranium producer, supplying approximately 25% of the uranium produced in the U.S.... which politically speaking, is the safest place in the world. In my opinion then, we shall see a new bull market in Uranium soon, and EFR should be one of the leaders in the group of companies that will benefit. The only question is when, in 6 months, a year, two. No one knows, but here and now, imo are lowest these stocks will go, so a patient investor will be greatly rewarded.
All this is of course my opinion, please do your own DD, I have certainly been wrong before.
Best,
Simply