Energy Fuels Ord Shs T.EFR

RE:RE:RE:RE:RE:RE:Contrary information

[touareg]

Cheers Snowballer.. RR's handle was 'rule'

Snowballer wrote:

I enjoy reading your posts and appreciate the time you put in. Keep up the good work. And Rick Rule used to post on SH? That’s cool. What was his handle?

touareg wrote:

And don't forget Cameco still need to buy 10 to 15 million pounds u308 this year to cover their contracts.. and there are a growing number of funds, not only yellow cake that will all continue taking uranium off the market.
Under feeding supply is running out.. it's true no one really knows how much is available but from what I can gather that source is not going last that much longer and a lot of the numbers thrown out include material that is not actually available for sale because it belongs to goverments and entities that want to hang on to it.
The Uranium business is traditionally very slow to catch up with it's self because the real numbers are hidden and year after year the utilities have no problem getting what they need and they become complacent and when they finally wake up to what is happening they atart to panic buy and that is why it is the most volatile commodity of all.
It also takes many many years for mines to get from discovery to producing and even then it takes a long time to get that material made into nuclear fuel that can be loaded into a reactor.
Also the market is very slow to react.. the number of people in the know is miniscule, even people here are cynical and have a lot of doubts. When a sector has been on the floor for 12 years investors find it very hard to believe it's going to change, especially after regular sucker rallys. In todays markets everyone wants momentum NOW and they look at Uranium and have no interest. They want action. When it does start to happen they will all want in and this market is spectacularly tight.. much tighter than it was last bull.
What we actually have here is a speculators dream coming true if one has the patience to simply buy and wait.. this is not a pipe dream.. those who buy and hold now and don't get freaked out by the volatility can make a lot of money over the next few years.
There is already a deficit, I read calculations for 2019 are 25% and that is only going to increase exponencially.
And Nuclear power is really really becoming established as a big player in dealing with climate change, even Greenpeace are coming onside.. there are just so many positives stacking up in favour of nuclear and like miningboom said China are going nuclear biulding new reactors! and plenty other counties are planning same. And they are building huge reactors that use double the anount of fuel the olders ones use and they all take a huge amount of U to get them started. 
The Japanese are restarting all those closed down reactors and according to Rick Rule that ALONE was going to kick start the next bull!
Please don't tell me R R doesn't know what he is talking about he helped me make a lot of money about 15 years ago, he used to post here on SH and I used to chat with him. He knows the resource business inside out.
Jeez theres no stopping me once I get started eh.. lol.
Of course it's not without risk, if there is another nuclear disaster or some other major event that throws the markets into turmoil it could easily all go pear shaped. The biggest stock bubble of all time will no doubt burst at some point too and that could side swipe a U bull big time but then all these things are the risks we take when we speculate. It's part and parcel of the game so we take all these things into account plus our risk tolerance if we have any sense.

I have been researching Uranium for years and continue to do so most days and I am convinced a bull market is inevitable barring unforseen events. Of course the timing is unclear but I really can't see it not happening and I don't see it being that far off now.
All my opinion of course.