OTCQB:UEXCF - Post by User
Comment by
mangoeon May 07, 2020 12:02am
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Post# 30996109
RE:RE:RE:True Story
RE:RE:RE:True Storykcmkcm wrote: Well, 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.
Ok I remember the other poster from the old stock house platform the name is Candykid, and I remember Destinator, and kcmkcm, under the old stockhouse the poster that goes by the name coolaccountant would have been banned from stockhouse long time ago, they would have put that poster right in their place.