OTCQB:UEXCF - Post by User
Post by
MegaMAxTZon Jun 12, 2020 12:41pm
174 Views
Post# 31143926
URANIUM AND UEX 2020 REVIEW
URANIUM AND UEX 2020 REVIEWReally is hard to believe that once again in mid June of 2020 going into summer, the Uranium market is still flat. Spot up from earlier this year to me still means flat.
And anybody that thinks UEX share price is going to move in leaps and bounds with a Roger and team replacement is kidding themselves. UEX will not move in a a big way unitl the Uranium train really gets going. Same with every other Uranium stock and MM has over 18 of them.
So what the F..cqk is going on. Nuclear Power stations are being built around the world and bigger ones. Check. Mines are closed. Check. No new major deposits ready to come online in less than 8 years. Check. Think Nexgen or Fission going to produce actual pounds of Uranium before 2028. Forget it.
While wishful thinking, theoretically Shea Creek could produce Uranium LBS before the other 2 because of Cameco and OR ownership. But before 2028, not likely.
Meanwhile MCcarthur River sits and I believe begins to rust away a bit. C & M really keeping this mine in tip top shape ? I do not know but suspect undergound equipment sitting idle in moist conditions not the best. And even greenlighting this tomorrow, would be in the fall of 2022 before any significant LBS are coming out of MR.
Also losing more and more impatient retail investors as the Uranium play stays flat. Now into month 72 for this one here. Do not care about pennies. UEX at $ 0.20 so what, $ 0.30 not interested. $ 0.40 not interested. $ 0.50 no. $ 0.60 now maybe could dip a very very very small toe in the water just to get the first 6 X. Just for a bit of fun but would still hold back for the real fireworks to start.
And yes I am still p....sed with this UEX $ 0.18 board play in 2026. But I guess that is the typical board stuff and they are certainly not the first board to write this into plans. But they must buy more shares - they just must at these price levels. That one board member with a pity 25,000 shares - give me a break what a joke.
Going into summer once again and U and 2020 are once again not doing much. But the one thing that keeps me involved is the when. The when is the light at the end of the tunnel. The when WILL happen. It is a certainty. Another truck is ordered but cannot pull the trigger to load up again with next tranch until mid fall of 2020.:)) So maybe flat until November is not such a bad thing for this writer. We shall see.
MM