RE:RE:RE:RE:Energy Fuels Evening NewsNot just wrong, the analysts have been
dead wrong for 2016 (and 2015, and 2014, and 2013)
Could be more opportunity to buy when there's blood on the streets.
Still can't believe that a US company like EFR with a mill, all their acquisitions and cash, has only a $150m market cap. Either this is a great opportunity or I'm also dead wrong like the analysts. IMO
sevushka wrote: sevushka wrote:
Now, for the important things, does anyone have a clue why uranium price is tanking this week? So far, every single analyst has made a wrong prediction for 2016....
Maybe because of this:
https://en.starafrica.com/news/namibia-uranium-mine-operational-by-third-quarter.html
15 million pounds per year is nearly 10 percent of global demand... Along with Cigar lake, this nearly adds 20 percent to primary supply in under two years. So much for the following thesis:
Current prices are too low for producers to consider major capital investments with many believing that the incentive price is ~$65 per pound. Now, will there be enough demand from China to offset this huge increase in supply? I wonder if analysts did their homework...