Post by
mrmomo on Sep 12, 2023 11:21am
Back on track.....Back on the Radar!
Haven't commented in a VERY long time on this forum, as there wasn't ANY real meaningful news to comment on really. And besides, this forum is pretty much a DEAD board with very little traffic. Hope fully things will change as the company (ans sector!) gets noticed by more & more investors.
The company itself has been on hiatus & hibernation mode for quite some time, as drilling has more or less come at a standstill since the last activity. which was earlier this year. Where the initial results were less than stellar abd nothing to get too excited about. But these were only early & prelim results and i'm expecting better from their other properties.
As for the stock price, it's been a little disappointing, especially when it went to those 2/3 penny lows, but that wasn't surprising with the awful financing terms and all the inactivity. I personally took the "opportunity" to load up at those really cheap & low levels and DCA to the max. I hope some of you also took that rare opportunity to do the same. Because i do not think we will EVER seen those levels again, at least not in the next 24 months, especially IF the company is successful with the drill bit......and gets lucky.
So things are definitely looking up for the com mpany from this point forward. the sector is hot & they are drilling .......AGAIN!. The stock has recovered most of it's losses and is back to normal levels closer to its nominal value. Which imho is around current levels. Even if the company isn't that successful with the drilling & exploration front, the sector itself is on fire and should more than compensdate for any lack of drilling success. So even without hitting any meaningful valiues with exploration efforts, the stock should get propelled into the stratosphere by the huge inflows into the sector in the next 24 months.
So with this in mond, i have to seperate predictions. One, if they don't hit anything meaningful will the drill, gthe stock should still ,ake it to about ~30 cents just on the sector doing well and floating all boats. And two.......BUT should the company get lucky and hit something really interesting in terms of minable uranium, then ALL bets are off and it's off to the races as the sky is the limit. And in this scenario, i expect nothing less than a few bucks.
Those are some pretty good odds and risk/reward ratios at current prices than i've ever seen. And i've seen some pretty good ones in my time............
As the old adage goes........NO RISK.......NO REWARD....
GLTA