OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Feb 05, 2020 11:35am
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Post# 30646137
RE:RE:Unless uptick
RE:RE:Unless uptick Cobalt metal prices hit $ 52+/LB in early January of 2008. And again $ 40+/LB in early 2018. Why? I know why but will keep that close to the vest and Cobalt prices are a big impact to business. Cobalt is traded in public markets.
Uranium is not traded in public markets - it is traded in secret. Uranium and Nuclear power are dirty words. over 99 % of the public, in fact it is 99.90 % of the public who have no clue - no clue about Nuclear Power and how it makes power. Most people wish it would just go away.
But it is not going away - it is hear to stay. THAT is the beauty of investing in Uranium. But it sure is hard to stay the course I admit.
Uranium - Spot hit $ 138 + /LB but only for a brief moment in 2007. What Utility Schmuck bought 10-20 42,0000 truckloads on that one ??? Bet he did not get his Christmas bonus in 2008 and beyond.
But what most forget is that many did buy Long Term at $ 95/LB - so in October of 2007, a utility buyer signs long term at $ 95/LB ? Ten years out to October of 2017 at $ 95/LB - think about that. Paying $ 95/LB after Fukushima and the U price implosion.
Still paying $ 95/LB in June of 2014 when LT is at $ 44.50. Maybe they signed a 12 year deal - so paying $ 95/LB in October of 2016 when LT is at around $ 35/LB.
So now the spikes in Uranium stock - even UEX stock price becomes more clear - what if these stock spikes say in February of 2017 - Investors - even the fat cat vultures who made the killing in Uranium stocks from 2005 to 2007 jumped the gun ??? AND ASSUMED ALL THE DEALS IN 2007 ARE 10 year deals when in fact they are 12 year deals or more??????
Might be on to something here......SPOT PRICE IS FAKE that is for sure. Things are going to hit and hit hard my friends. Need another truck to back up.
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