OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Jul 30, 2018 7:04pm
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Post# 28388226
RE:URA
RE:URAGood comments Destinator. Know you have been focusing on this URA thing but when the bigger money starts to flow into the Uranium sector, all of these will rise - a lot. Funny how most investors have to rely on funds about where to put their money.....
Maybe the fact that UEX is still now "overweighted" in the fund, the guys running the fund think that UEX is one of the most undervalued U shares so better to hang onto a larger float. Who knows - I don't care as I would rather own shares directly in select companies vs having some hack choose the companies in their funds.
UEX was worth about $ 1.8 Billion at the peak of 2007 by my calculations. So your Billion dollar value is not far fetched at all. More shares now but more LBS of U in the ground and the two mints in one Cobalt.
I do not think it is crazy at all to borrow from a credit line ( not sure what credit limit means....) to buy sure thing shares - so good for you Shent. UEX cannot tank because it is still at the bottom of the barrel. Whether 0.21 or 0.18 or even 0.15. No worries.
Some USA U stocks are already moving big time (UUUU) and this is just the beginning. Only 135,000,000 LBS of Uranium will be produced this year. Consumption over 190,000,000 LBS. No company is makig any money at below $ 25/LB. Contracts will be written at over $ 70/LB with ladder clauses if Uranium really goes crazy - which I believe it will. UEX is such a bargain - man oh man ridiculous. Planning to raise share ownership position as well.
MM