OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Dec 31, 2019 2:08pm
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Post# 30506224
RE:Recent Trades
RE:Recent Trades I think this is a good example of how fast things can change when bigger funds enter the picture. UEX share movements of $ 0.50 per month or more were common from 2005 to 2007. This 600,000 share movement above is less than $ 90K - in other words peanuts.
Somebody with a Million $$ wants to move into the U space, whether a fund or an individual company such as UEX - imagine what that does to the share price. What about $ 10 Million moving into the U space. Not out of the question.What about a Billion dollars. Still a definite.
So the market cap of the entire Uranium space was over $ 100 Billion around 2007 and now it is far under $ 10 Billion. Let us be very conservative and say $ 35 Billion moves into the U space between now and 2023. UEX makes up less than 1 % currently ?? until the new Cobalt/Uranium results comes in - is that not $ 1.00 per share ?
Maybe wishful thinking on New Year's Eve but why not. $ 1.00 per share is very doable looking ahead and could be much higher if things get frothy and they will for sure.
Happy New Year to all the long's and best of luck in 2020.
MM