OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Apr 23, 2019 5:33pm
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Post# 29661799
RE:RE:RE:Seems like
RE:RE:RE:Seems likewhat is going on is the Hawks are all watching up in the trees as (we) might be wondering what is happening. And they are ready to pounce and believe this is just a waiting game for the next nice payoff. Made their big money in 2005 to 2007 and ready to do it again. Slowly accumulate shares at $ 0.17 per from the little guys who are giving up.
Here is what I think is going on big picture - not just UEX but all the direct Uranium companies still standing. Add them up excluding Cameco and what is the total - a few Billion max. Peanuts in the large investing world.
Uranium companies are all moving as one - which company has really moved in the past 4 months - looks to me as most are moving up and down as one according to the charts. Maybe one better as the flavour of the week - then another then another.
And how many are truly invested in this Uranium sector - I am talking 85 % + of all invested assets - not just dabling. Who truly believe in Nuclear Energy ?? Who are planning to have their next vehicle - an electric vehicle ?? This writer is all in.
We can criticize Roger for focusing on Cobalt but looks to me as though the best results at WB will be the last sets. If not, and I am talking nothing less than several holes with at least 5.0 % Cobalt - then we really do have a case to flush the leaders out and get new commanders in charge of all the UEX LBS in the ground.
And maybe the $ 0.17 current price is already priced in to a 1 for 1 UEX - CoEX split which would put us at $ 0.34 per right now before any true Uranium price movement. Not too bad actually.
Depends on how drastic the reaction to 232 will be by the utilities and how fast they get back to the table for LT contracting.
Maybe that is what Cameco is waiting for - their next Spot purchase of 10 Million + LBS right after the 232 result is announced. Whether yes or no. They clean out the Spot cupboard - then what - no spot LBS to be had. $ 30/LB level will quickly be breached - the institutions have this price on their radar to (re) enter the U space once $ 30/LB level is hit then we are off to the races.
Pipes are now rusting a bit more at MR - not an easy one to fire back up quickly meaning 2021 now at the earliest. MR now represents 14 % of global Uranium mining off grid assuming 2019 comes in at 130M LBS.
Tick tock - must buy more shares in a number of these U companies. The wave is getting closer or the lights go out and that is not going to happen.
MM