OTCQB:UEXCF - Post by User
Comment by
kcmkcmon May 06, 2020 8:42pm
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Post# 30995695
RE:RE:True Story
RE:RE:True StoryWell, I had 67000 shares of psm which gave me 67000 of uex. Between Psm and Uex I estimate that I made about $200k. However, I moved much of that into other uranium stocks including 75k in a newly issued, at that time, Global Uranium Fund. I pretty much lost it all. I learned that funds that emerge to capitalize on a hot commodity generally come along at the end of the ride and should be looked at as indication it is time to get out and don't look back. I sold my last 1000 uex back in the day for about six bucks. I'm currently holding 45000 uex that I have purchsed over the last five or so years at an average cost of 27 cents.
My view right now. We will not see a run anything like we saw back in the glory days but there is definitely upside potential from here. If I remember correctly the price of uranium back in the day ran from just below 10 bucks to about $140 without ever going lower at its weekly valuation. It is stayed the sane or went up every week for about 4 years.
I will keep an eye on the uranium price of course, as well as Cameco and Kazatoprom. They control about 50% of the market and they can determine the price. So long as they keep their mines closed or reduduce production the price will rise, both of uranium and uranium stocks.