OTCQB:UEXCF - Post by User
Comment by
st0ckpickeron Mar 18, 2004 6:19pm
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Post# 7232564
RE: great news for U investors..
RE: great news for U investors..I can really feel the momentum starting to build in this sector. Deals are getting done and all the juniors are trying to figure out how to capitalize on the rising cost of uranium. This move positions UEX as a bigger fish. I think the industry will grow a bit, prove up some reserves, stake out some more properties and then begin to consolidate in a couple of years. I see Denison, IUC, SXR, and UEX surviving with STM, JNN, and NCR being acquired. AFKDY is an unknown at the moment. I wouldn't be surprised to see Denison and Cameco compete for major status in the next phase (after their long term contracts are gone) as they snap up SXR, UEX, and IUC. This will be fun to watch.